508 S FARMER Ave, Tempe, AZ 85281
View property features, location on map, relevant school information and overview from seller's agent.
- 2
- 0
Overview
PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN TEMPE. SURROUNDED BY A COLLECTION OF HIGH-END COMMERCIAL/OFFICE DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY URBAN MULTI USE CONDOMINIUMS, THIS PROPERTY IS ONE OF THE LAST BEST INFILL LOCATIONS AVAILABLE FOR LONG TERM INVESTMENT GROWTH. THE 2 PARCELS ARE ALSO LOCATED IN TEMPE'S TRANSPORTATION OVERLAY DISTRICT, ALLOWING ADDITIONAL DEVELOPMENT OPTIONS NOT FOUND IN OTHER R3 ZONED CITY NEIGHBORHOODS. IN ADDITION, THE EXISTING 8 RENTAL UNITS ARE 100% OCCUPIED OFFERING IMMEDIATE CASH FLOW DURING THE PLANNING PROCESS.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Lot size (acres)
- 0.38
- Year built
- 1960
Utilities
- Heating
- Heat Pump
- Cooling
- Heat Pump, Ceiling Fans, Central Air, Electric
Taxes
- Tax Annual Amount (2024)
- $3,659
Public schools
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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 6978065 Last checked: …
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