600 W 5th Street, Tempe, AZ 85281

$1,300,000
Property Type: Residential Square Footage: 1,512 Lot Size (sq. ft.): 25,264 Status: Closed
Current Price: $1,300,000 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! 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. 4-Parcels/Lots: 124-31-023 A: 124-31-023 B: 124-31-024: 124-31-028

Listing Details MLS# 6239647

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
Assessor's Map #
31
Assessor's Parcel #
28
Tax Municipality
Maricopa - COUNTY
Taxes
6243

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
Approx SQFT
1512
Price/SqFt
859.78
Horses
N
Builder Name
Unknown
Year Built
1925
Approx Lot SqFt
25264
Approx Lot Acres
0.58
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Tempe Elementary School District
Elementary School
Scales Technology Academy
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe Academy Of International Studies McKemy Campus

Remarks Misc

Cross Street
Corner of W. 5th St & Roosevelt St
Directions
AZ-202 Loop E to N Priest Dr. Left onto W 5th St to address. Or North on Mill Ave then West on 5th St to Corner of 5th St & Roosevelt!

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

Basement

Basement Y/N
N

Parking Spaces

Slab Parking Spaces
Yes
Total Covered Spaces
0

Sold Info

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

Special Listing Cond

N/A
Yes

Construction

Other
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Other
Yes

Association & Fees

HOA Y/N
N
PAD Fee Y/N
N
Cap Improvement/Impact Fee
0
Cap Improvement/Impact Fee $/%
$
Cap Improvement/Impact Fee 2
0
Cap Improvement/Impact Fee 2 $/%
$
Com Facilities Distr
N
Land Lease Fee Y/N
N
Rec Center Fee Y/N
N
Rec Center Fee 2 Y/N
N
Ttl Mthly Fee Equiv
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Master Bathroom

None
Yes

Add'l Property Use

Other
Yes

Dining Area

Other (See Remarks)
Yes

Heating

None
Yes

Kitchen Features

None
Yes

Cooling

Other
Yes
See Remarks
Yes

Laundry

None
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Road Responsibility

City Maintained Road
Yes

Fencing

Wood
Yes
Chain Link
Yes

Water Source

City Water
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

New Financing

Cash
Yes
Conventional
Yes

Utilities

SRP
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Property Description

Corner Lot
Yes
North/South Exposure
Yes

Landscaping

Dirt Front
Yes
Dirt Back
Yes

Services

City Services
Yes

Disclosures

Agency Discl Req
Yes

Possession

Close of Escrow
Yes

Association Fee Incl

No Fees
Yes

Assoc Rules/Info

None
Yes

Property Features

Special Listing Cond: N/A Add'l Property Use: Other Master Bathroom: None Spa: None Dining Area: Other (See Remarks) Kitchen Features: None Laundry: None Road Responsibility: City Maintained Road Construction: Other Const - Finish: Other (See Remarks) Roofing: Other Cooling: Other; See Remarks Heating: None Utilities: SRP Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Wood; Chain Link Property Description: Corner Lot; North/South Exposure Landscaping: Dirt Front; Dirt Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Agency Discl Req
IDX
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: February - 02 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.