Residential Land for Sale in Tempe, Arizona
1027 S Farmer Ave, Tempe, AZ 85281
PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL This parcel may be purchased individually or together with the adjacent parcel 124-70-003, offering the opportunity for a larger redevelopment site. See MLS #7077345 for the adjacent parcel. A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, with R-3 zoning allowing medium-density multifamily development. Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Opportunities of this scale and proximity to ASU are rare to find
Location
- Street address
- 1027 S Farmer Ave, # 7
- County
- Maricopa County
- Zip code
- 85281
- Community
- Farmers Addition Blocks 1-2 Part 3 Lots 1-5
- School district
- Tempe Union High School District
- Elevation
- 1,163 feet
Property details
- Lot size
- 0.164 acres7,144 sq ft
- Zoning
- R-3
- MLS #
- ARMLS 7077357
- Posted
Property taxes
- 2025
- $2,714 - FARMERS
Parcels
- 124-70-002
Details and features
Listing
- Type
- Land
Structure
- Sewer
- Public Sewer
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 8, 2026 | New listing | $495,000 | — | ARMLS |