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

Overview

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.

Listing Details MLS# 6688759

Location, Tax & Legal

House Number
351
Compass
S
Street Name
WILSON
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2744
Country
US
County Code
Maricopa
Assessor Number
124-32-026
Tax Year
2023

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.34
Apx Total Acres G/N
G
Price Per Acre
2205882.35
# Lots in Listing
Yes
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
Zoning
R3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

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.

Status Change Info

Off Market Date
2024-05-30
Under Contract Date
2024-04-16
Close of Escrow Date
2024-06-12

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
-

More Information

Showing Notification Methods

Showing Service
Aligned Showings

Contact Info

List Agent Home Phn
480-900-8484

Sold Info

Loan Type
Cash
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

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
IDX
Listing Office: Keller Williams Realty Phoenix
Office Phone: 480-839-6600
Office Email: rjchristopher@kw.com
Last Updated: May - 20 - 2025
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