Residential Land for Sale in Tempe, Arizona
1031 S Farmer Ave, Tempe, AZ 85281
PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL 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, this offering includes two parcels, 124-70-002 and 124-70-003, 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. Purchase both parcels together or separately, providing flexibility to suit your development strategy. Opportunities of this scale and proximity to ASU are rare to find.
Location
- Street address
- 1031 S Farmer Ave, # 8 Lot 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
- 1,162 feet
Property details
- Lot size
- 0.164 acres7,144 sq ft
- Zoning
- R-3
- MLS #
- ARMLS 7077345
- Posted
Property taxes
- 2025
- $2,714 - FARMERS
Parcels
- 124-70-003
Details and features
Listing
- Type
- Land
Structure
- Sewer
- Public Sewer
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 8, 2026 | New listing | $995,000 | — | ARMLS |