600 W 5th Street 1, Tempe, AZ 85281
$1,300,000
Property Type:
Land
Lot Size (sq. ft.):
25,264
Status:
Closed
Current Price:
$1,300,000
List Date:
10/04/2021
Last Modified:
2/02/2026
Description
Rare Investment Opportunity for 4 parcels of land! Fantastic neighborhood in the midst of Redevelopment! Close to Mill Ave & all it has to offer! Road frontage on 5th st & Roosevelt St. Great potential for many different uses. Two existing structures leased on a month to month basis. City of Tempe was submitted plans for a 11 plex, just needs approval!! Over half an acre, 25,264 sq ft lot! This property is in an Opportunity Zone in Tempe a tax benefit to buyer!
4-Parcels/Lots: 124-31-023 A: 124-31-023 B: 124-31-024: 124-31-028
Supplements: Rare Investment Opportunity for 4 parcels of land! Fantastic neighborhood in the midst of Redevelopment! Great potential for many different uses. Existing structures leased on a month to month basis. City of Tempe was submitted plans for a 12 plex, just needs approval!! Over half an acre. Lots of road frontage on 5th St and Roosevelt St, just blocks from downtown Mill Ave and all it has to offer! 4-Parcels/Lots: 124-31-023 A: 124-31-023 B: 124-31-024: 124-31-028
More Information MLS# 6239734
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,300,000
Sold Price: $1,300,000
Status: Closed
List Date: 2021-05-21
Location, Tax & Legal
Lot #: 1
Assessor's Map #: 31
Assessor's Parcel #: 28
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 6243
Map Code/Grid: R36
House Number: 600
Compass: W
Street Name: 5th
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Assessor Number: 124-31-028
Subdivision: Tempe 4 Parcels- 124-31-023 A - 124-31-123 B 124-31-024 - 124-31-028
Tax Year: 2020
General Property Description
Apx Total Acres: 0.58
Apx Total Acres G/N: N
Price Per Acre: 2543103.45
# Lots in Listing: 4
Apx SqFt: 25264
Price Per SqFt: 58.38
Apx SqFt G/N: N
Lot Size Dimensions: Unknown
Flood Zone: No
Horses: N
Elementary School District: Tempe Elementary School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Zoning: R-3
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 1475000
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
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
.50 - .99 Acres: 1
Proposed Density
11 - 15 Units P/Acre: 1
Land Features
Corner Lot: 1
North/South Exp: 1
Vegetation
See Remarks: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Fencing
Wood: 1
Chain Link: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Topography
Level: 1
Gas
None: 1
Existing Structures
Residence: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
None: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: NW Corner of 5th St & Roosevelt St
Directions: AZ-202 Loop E to N Priest Dr. Left onto W 5th St to address corner of 5th St & Roosevelt.
OR: North on Mill Ave, West on 5th St to Property!
Geo Lat: 33.425461
Geo Lon: -111.947275
Status Change Info
Off Market Date: 2021-10-04
Under Contract Date: 2021-10-02
Close of Escrow Date: 2021-12-15
Sold Price: $1,300,000
Legal Info
Lot Number: 1
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .50 - .99 Acres
Proposed Density: 11 - 15 Units P/Acre
Land Features: Corner Lot; North/South Exp
Vegetation: See Remarks
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Topography: Level
Existing Structures: Residence
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: Wood; Chain Link
Listing Office:
Keller Williams Realty Sonoran Living
Last Updated: February - 02 - 2026
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