1878 E SOUTHERN Avenue -, Tempe, AZ 85282

$400,000
Property Type: Land Lot Size (sq. ft.): 18,018 Status: Closed
Current Price: $400,000 List Date: 1/15/2023 Last Modified: 9/13/2023

Overview

Description

Rare Commercial/Residential opportunity located near Arizona State University and Downtown Tempe. Just 3 miles from the main ASU campus, this prime .41 acre property is zoned within the R-O district which allows new development at the residential level. This property is fully approved for 4, three story townhomes at 3375 square feet each. 4 car garages are optional and approved. Plans and approval are included in the purchase price. This project is shovel ready. Don't miss this rare opportunity to develop in a highly sought after location. Buy and start building now!

Listing Details MLS# 6507976

Location, Tax & Legal

Map Code/Grid
R37
House Number
1878
Compass
E
Street Name
SOUTHERN
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Zip4
5836
Country
US
County Code
Maricopa
Assessor Number
133-34-820
Tax Year
2022

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.41
Apx Total Acres G/N
G
Price Per Acre
1341463.41
# Lots in Listing
Yes
Apx SqFt
18018
Price Per SqFt
30.53
Apx SqFt G/N
G
Lot Size Dimensions
129 X 131
Horses
N
Zoning
RO
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
MCCLINTOCK DR/SOUTHERN AVE
Directions
McClintock and Southern, go East to property on North side of Southern Ave.

Status Change Info

Off Market Date
2023-08-29
Under Contract Date
2023-08-29
Close of Escrow Date
2023-09-12

Legal Info

Township
1N
Range
4E
Section
25
Lot Number
-

More Information

Sold Info

Loan Type
Cash
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Commercial Lot Zoned Presently: Single Family; Commercial; Office; Other (See Rmks) Potential Use: Single Family; Commercial; Office; Other Parcel Size: .25 - .49 Acres Development Status: Raw Land Land Configuration: Square Rectangular Road Surface Type: Asphalt Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: Under 350 Feet Distance to Electric: Under 350 Feet Distance to Gas: None Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional Environmental: None Showing Notification Methods: No Notification Required to Show Lockbox Type: None Fencing: Partial
IDX
Listing Office: Platinum Realty Network
Office Phone: 480-326-6521
Office Email: pbaldwin@platinumrealtynetwork.com
Last Updated: September - 13 - 2023
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