600 W 5th Street 1, Tempe, AZ 85281 (MLS# 6239734)

600 W 5th Street 1, Tempe, AZ 85281

$1,300,000

Virtual Tour

https://dashboard.listerassister.com/website/virtual_tour/211894?view=mls

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

Overview

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 bloc ... (Read more)

Listing Details MLS# 6239734

Location, Tax & Legal

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
Country: US
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
Lot #: Yes
Assessor's Map #: 31
Assessor's Parcel #: 28
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 6243

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

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
Horses: N
Zoning: R-3
Flood Zone: No
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

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!

Status Change Info

Off Market Date: 2021-10-04
Under Contract Date: 2021-10-02
Close of Escrow Date: 2021-12-15

Legal Info

Lot Number: Yes

More Information

Sold Info

Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

N/A: Yes

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: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes

Zoned Presently

Multi-Family: Yes

Potential Use

Single Family: Yes
Multi-Family: Yes

Parcel Size

.50 - .99 Acres: Yes

Proposed Density

11 - 15 Units P/Acre: Yes

Land Features

Corner Lot: Yes
North/South Exp: Yes

Vegetation

See Remarks: Yes

Road Surface Type

Asphalt: Yes

Road Responsibility

City Maintained Road: Yes

Fencing

Wood: Yes
Chain Link: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

None: Yes

Existing Structures

Residence: Yes

Distance to Cable

On Property: Yes

New Financing

Cash: Yes
Conventional: Yes

Distance to Phone

On Property: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Existing 1st Loan Type

Not Applicable: Yes

Distance to Gas

None: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

On Property: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Other Loan

Not Applicable: Yes

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