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
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!
More Information MLS# 6468821
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $700,000
Sold Price: $700,000
Status: Closed
List Date: 2022-09-25
Location, Tax & Legal
Lot #: 1
Assessor's Map #: 42
Legal Description (Abbrev): LOT 1 HUGHES ACRES MCR 008309
Assessor's Parcel #: 1
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319500
Taxes: 7786
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
County Code: Maricopa
Assessor Number: 133-42-001
Subdivision: HUGHES ACRES
Tax Year: 2022
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
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
Zoning: RO/CT
Legal Info
Range: 4E
Section: 26
Township: 1N
Lot Number: 1
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 1100000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Existing Land Use
Residential Lot: 1
Commercial Lot: 1
Other (See Rmks): 1
Zoned Presently
Single Family: 1
Multi-Family: 1
Commercial: 1
Office: 1
Special Use Permit: 1
Potential Use
Single Family: 1
Multi-Family: 1
Commercial: 1
Office: 1
Other: 1
See Remarks: 1
Parcel Size
.25 - .49 Acres: 1
Development Status
Raw Land: 1
Plans Available: 1
Other: 1
See Remarks: 1
Traffic Count
50,001 to 75,000: 1
Fencing
See Remarks: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Gas
SW Gas: 1
Existing Structures
Other: 1
See Remarks: 1
Distance to Cable
Call Listing Office: 1
New Financing
Cash: 1
1031 Exchange: 1
Distance to Phone
Call Listing Office: 1
Distance to Water
Call Listing Office: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
Call Listing Office: 1
Distance to Gas
Call Listing Office: 1
Distance to Sewer
Call Listing Office: 1
Reports/Disclosures
None: 1
Other (See Rmks): 1
Environmental
None: 1
Other (See Rmks): 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.40227
Geo Lon: -111.925859
Status Change Info
Off Market Date: 2022-12-02
Under Contract Date: 2022-11-23
Close of Escrow Date: 2022-12-01
Sold Price: $700,000
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.
Last Updated: April - 21 - 2025
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