215 S Roosevelt Street '-', Tempe, AZ 85281

$925,000
Property Type: Land Lot Size (sq. ft.): 23,522 Status: Closed
Current Price: $925,000 List Date: 3/01/2024 Last Modified: 5/19/2025

Overview

Description

Remarkable opportunity in Roosevelt Row to purchase half acre of prime land for redevelopment. There is a house on the land which could be a considered a tear-down or used by the developers as an office until ready for construction. Mill Ave. is a few blocks east and 1st Street is less than a block north. Close to light rail, downtown Mill Ave. freeways, Sky Harbor Airport and ASU.

Listing Details MLS# 6671306

Location, Tax & Legal

House Number
215
Compass
S
Street Name
Roosevelt
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Country
US
County Code
Maricopa
Assessor Number
124-32-045
Tax Year
2023

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.54
Apx Total Acres G/N
G
Price Per Acre
2777777.78
# Lots in Listing
Yes
# Units Allowed
6
Apx SqFt
23522
Price Per SqFt
63.77
Apx SqFt G/N
G
Lot Size Dimensions
160x140 plus dogleg of 65x10
Irrigation District
Wilson Ditch Subdivi
Horses
N
Zoning
R-2
Flood Zone
No
High School District
Tempe Union High School District

Remarks Misc

Cross Street
5th Street and Roosevelt
Directions
From Mill Ave., take 5th Street west to Roosevelt (4 blocks). Turn right (north). Property is on the east side of the street several blocks down.

Status Change Info

Off Market Date
2024-04-17
Under Contract Date
2024-04-14
Close of Escrow Date
2024-07-01

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
'-'

More Information

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

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

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: .50 - .99 Acres Current Density: 11 - 15 Units P/Acre Proposed Density: 11 - 15 Units P/Acre Development Status: Other Land Features: Curb(s) & Gutter(s); Sidewalk(s); East/West Exposure Vegetation: Natural Vegetation Land Configuration: Irregular Shape Road Surface Type: Asphalt Road Responsibility: City Maintained Road Traffic Count: Not Available Railroad: Available Topography: Level Existing Structures: Shed(s); Residence Water Source: City Franchise Irrigation: Underground Pipe Sewer: Sewer - Public; Sewer - Available Electric: SRP Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property 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 Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional; No Carry Use Restrictions: Airport Flight Zone Environmental: None Showing Notification Methods: No Notification Required to Show Lockbox Type: Supra Fencing: Chain Link
IDX
Listing Office: CG Properties, LLC
Office Phone: 480-756-0346
Office Email: cliftongal51@cox.net
Last Updated: May - 19 - 2025
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