351 S WILSON Street -, Tempe, AZ 85281
$750,000
Property Type:
Land
Lot Size (sq. ft.):
14,810
Status:
Closed
Current Price:
$750,000
List Date:
5/30/2024
Last Modified:
5/20/2025
Description
Over 1/3 of an acre lot surrounded by multi-family - a perfect place to redevelop and benefit from the strong rental demand in the heart of Tempe. Current structure can be razed. Recent major capital investment projects in close proximity include luxury apartments and Class A office space. Those familiar with the market know these infill lots are very rare, a savvy buyer will not hesitate to jump on this. A few blocks from the plentiful amenities along Tempe Town Lake and Mill Avenue, various large employers including ASU and easy access to freeways make this location ideal for your next project. Grandfathered irrigation rights. Property has been in the family for 70+ years and structures are 1950's era, PLEASE DO NOT ENTER STRUCTURES.
More Information MLS# 6688759
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2024-04-09
Location, Tax & Legal
Lot #: -
Assessor's Map #: 32
Legal Description (Abbrev): TR 2 LOT 2 W 170' EX W 20' RD .34 AC
Assessor's Parcel #: 26
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 1450
Marketing Name: Excellent Infill Lot
House Number: 351
Compass: S
Street Name: WILSON
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2744
County Code: Maricopa
Assessor Number: 124-32-026
Tax Year: 2023
General Property Description
Apx Total Acres: 0.34
Apx Total Acres G/N: G
Price Per Acre: 2205882.35
# Lots in Listing: 1
Apx SqFt: 14810
Price Per SqFt: 50.64
Apx SqFt G/N: G
Lot Size Dimensions: 100 feet frontage by 150 feet
Irrigation District: Salt River Valley
Horses: N
Street Frontage: 100
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Zoning: R3
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: -
Special Listing Cond
Probate/Estate: 1
Pmt & Rate Info
Equity: 750000
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
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Single Family: 1
Multi-Family: 1
Parcel Size
.25 - .49 Acres: 1
Development Status
See Remarks: 1
Land Features
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
See Remarks: 1
Vegetation
Treed: 1
Land Configuration
Square Rectangular: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Water Rights Grandfathered: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
See Remarks: 1
Distance to Cable
Call Listing Office: 1
New Financing
Cash: 1
Distance to Phone
Call Listing Office: 1
Distance to Water
On Property: 1
Distance to Electric
On Property: 1
Distance to Gas
On Property: 1
Distance to Sewer
On Property: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-900-8484
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
Cross Street: Wilson Street & 2nd Street
Directions: Located on the east side of Wilson Street just west of Farmer Avenue, take either 1st Street or 5th Street to access.
Geo Lat: 33.427068
Geo Lon: -111.945459
Status Change Info
Off Market Date: 2024-05-30
Under Contract Date: 2024-04-16
Close of Escrow Date: 2024-06-12
Sold Price: $750,000
Property Features
Special Listing Cond: Probate/Estate
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .25 - .49 Acres
Development Status: See Remarks
Land Features: Curb(s) & Gutter(s); Sidewalk(s); See Remarks
Vegetation: Treed
Land Configuration: Square Rectangular
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Topography: Level
Existing Structures: See Remarks
Water Source: City Franchise; Water Rights Grandfathered
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
New Financing: Cash
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: Chain Link
Listing Office:
Keller Williams Realty East Valley
Last Updated: May - 20 - 2025
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