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
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.
More Information MLS# 6671306
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $925,000
Sold Price: $925,000
Status: Closed
List Date: 2024-03-01
Location, Tax & Legal
Lot #: '-'
Assessor's Map #: 32
Assessor's Parcel #: 45
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 3511
House Number: 215
Compass: S
Street Name: Roosevelt
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Assessor Number: 124-32-045
Tax Year: 2023
General Property Description
Apx Total Acres: 0.54
Apx Total Acres G/N: G
Price Per Acre: 2777777.78
# Lots in Listing: 1
# Units Allowed: 6
Apx SqFt: 23522
Price Per SqFt: 63.77
Apx SqFt G/N: G
Lot Size Dimensions: 160x140 plus dogleg of 65x10
Flood Zone: No
Irrigation District: Wilson Ditch Subdivi
Horses: N
High School District: Tempe Union High School District
Zoning: R-2
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: '-'
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 1500000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
No Notification Required to Show: 1
Lockbox Type
Supra: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Parcel Size
.50 - .99 Acres: 1
Current Density
11 - 15 Units P/Acre: 1
Proposed Density
11 - 15 Units P/Acre: 1
Development Status
Other: 1
Land Features
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
East/West Exposure: 1
Vegetation
Natural Vegetation: 1
Land Configuration
Irregular Shape: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Traffic Count
Not Available: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Sewer - Available: 1
Railroad
Available: 1
Electric
SRP: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
Shed(s): 1
Residence: 1
Irrigation
Underground Pipe: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Airport Flight Zone: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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.
Geo Lat: 33.428229
Geo Lon: -111.946894
Status Change Info
Off Market Date: 2024-04-17
Under Contract Date: 2024-04-14
Close of Escrow Date: 2024-07-01
Sold Price: $925,000
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
Listing Office:
CG Properties, LLC
Last Updated: May - 19 - 2025
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