306 S HARDY Drive 25, Tempe, AZ 85281

New Listing
$1,499,000
Property Type: Land Lot Size (sq. ft.): 26,697 Status: Active
Current Price: $1,499,000 List Date: 10/06/2026 Last Modified: 10/06/2026

Overview

Description

LevRose Commercial Real Estate is pleased to present 306 & 310 S Hardy Dr, a ±0.61-acre (±26,697 SF) multifamily development opportunity in the heart of Tempe. The offering comprises two contiguous R-3-zoned parcels, one-half mile from ASU's Main Campus and approximately one mile from the $1.8 billion South Pier development at Tempe Town Lake. A conceptual site plan by Tomecak Design supports 12 townhomes for student housing, capitalizing on ASU's deep and persistently undersupplied off-campus housing demand. With medium-density zoning in place and ongoing redevelopment along the Hardy corridor, the site offers a rare opportunity to develop in one of the Valley's most supply-constrained infill submarkets without entitlement risk.

Listing Details MLS# 7089803

Location, Tax & Legal

House Number
306
Compass
S
Street Name
HARDY
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2516
Country
US
County Code
Maricopa
Assessor Number
124-29-075-K
Subdivision
STATE PLAT 12 AM
Tax Year
2026
Lot #
25
Assessor's Map #
29
Legal Description (Abbrev)
STATE PLAT 12 AMD N2 LOT 25 EX W 426F & ALSO TH PT DAF BEG N LN S2 LOT 25 SD PT ALSO LY ON E LN OF
Assessor's Parcel #
75
Assessor Parcel Ltr
K
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318800
Taxes
2698.12

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.63
Apx Total Acres G/N
G
Price Per Acre
2379365.08
# Lots in Listing
2
# Units Allowed
12
Apx SqFt
26697
Price Per SqFt
56.15
Apx SqFt G/N
G
Lot Size Dimensions
136 x 202
Zoning
R-3
High School District
Tempe Union High School District
High School
Tempe High School

Remarks Misc

Cross Street
Hardy & 2nd St

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
25

Showing Notification Methods

Showing Service
Aligned Showings

More Information

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
1499000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes
Residential Acreage
Yes
Other (See Rmks)
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

.50 - .99 Acres
Yes

Current Density

16 - 20 Units P/Acre
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Existing Structures

Residence
Yes

Irrigation

Underground Pipe
Yes

Distance to Cable

Call Listing Office
Yes

New Financing

Cash
Yes
Conventional
Yes

Distance to Phone

Call Listing Office
Yes

Distance to Water

Call Listing Office
Yes

Distance to Electric

Call Listing Office
Yes

Distance to Gas

Call Listing Office
Yes

Distance to Sewer

Call Listing Office
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Residential Acreage; Other (See Rmks) Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: .50 - .99 Acres Current Density: 16 - 20 Units P/Acre Road Surface Type: Asphalt Road Responsibility: City Maintained Road Topography: Level Existing Structures: Residence Water Source: City Franchise Irrigation: Underground Pipe Sewer: Sewer - Public Electric: APS 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 New Financing: Cash; Conventional Environmental: None Lockbox Type: None
IDX
Listing Office: Levrose Real Estate
Office Phone: 480-947-0600
Office Email: jrosenberg@levrose.com
Last Updated: October - 06 - 2026
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