2415 S RURAL Road 1, Tempe, AZ 85282 (MLS# 6468821)

2415 S RURAL Road 1, Tempe, AZ 85282

$700,000

Property Type: Land Lot Size (sq. ft.): 16,143 Status: Closed

Current Price: $700,000 List Date: 9/25/2022 Last Modified: 4/21/2025

Overview

Description

Rural Road and Broadway is a rare commercial/residential opportunity located in the heart of Arizona State University and Downtown Tempe. Located 0.75 miles south of the main ASU campus, this prime 0.4 acre property is zoned within the R-O district, which permits new development at the residential scale, or conversion of residential structures for use as professional commercial offices or other limited service uses. It also permits continuation of residential uses or reconversions to residential uses. Currently set up as a medical/dental service, plans are in process (not submitted) for a commercial/residential mixed use development. Located on the Northeast corner of E Loma Vista Drive and South Rural Road, clocking over 50,000 cars per day, this is one of the premier locations for new

Supplements: development opportunities. All plans, architectural drawings and designs will convey with the sale. By Appointment Only!

Listing Details MLS# 6468821

Location, Tax & Legal

Map Code/Grid: R37
House Number: 2415
Compass: S
Street Name: RURAL
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 2440
Country: US
County Code: Maricopa
Assessor Number: 133-42-001
Subdivision: HUGHES ACRES
Tax Year: 2022

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.37
Apx Total Acres G/N: N
Price Per Acre: 2364864.86
Apx SqFt: 16143
Price Per SqFt: 54.2
Apx SqFt G/N: N
Lot Size Dimensions: 82x160x98x141
Zoning: RO/CT
Flood Zone: No
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
Jr. High School: Tempe Academy Of International Studies McKemy Campus
High School: Tempe High School

Status Change Info

Off Market Date: 2022-12-02
Under Contract Date: 2022-11-23
Close of Escrow Date: 2022-12-01

Legal Info

Township: 1N
Range: 4E
Section: 26
Lot Number: Yes

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; Other (See Rmks) Zoned Presently: Single Family; Multi-Family; Commercial; Office; Special Use Permit Potential Use: Single Family; Multi-Family; Commercial; Office; Other; See Remarks Parcel Size: .25 - .49 Acres Development Status: Raw Land; Plans Available; Other; See Remarks Traffic Count: 50,001 to 75,000 Existing Structures: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Distance to Cable: Call Listing Office Distance to Phone: Call Listing Office Distance to Water: Call Listing Office Distance to Electric: Call Listing Office Distance to Gas: Call Listing Office Distance to Sewer: Call Listing Office Existing 1st Loan: Treat as Free&Clear New Financing: Cash; 1031 Exchange Environmental: None; Other (See Rmks) Fencing: See Remarks

Listing Office: NORTH&CO.

Office Phone: 602-714-7000

Office Email: michele@azhomes.com

Last Updated: April - 21 - 2025