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415 W 5TH Street,  Tempe, AZ 85281

$1,500,000
|
5 beds, 2 baths, 2,271 sqft
|
MLS# 5462374
Status: Active
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12/4/2016 3:37 AM
Property Description
The best site at the best price in Downtown Tempe. Downtown Tempe Farmer Avenue Arts District! 2 blocks to Mill Avenue. This may be about the last opportunity to own or develop property in downtown Tempe. Lot includes 2 single family homes and 25,125 square feet of walk to Mill or Tempe Town Lake property. Currently zoned R3 with ability to put 12 units. Bonus, this parcel is also located within the Transportation overlay District providing more relaxed restrictions, higher density, and the potential to rezone with a 50' height. Property owner has submitted an RFP to develop property. Once the shoveling begins, the property will be taken off the market. If you have interest - don't wait this opportunity is going away soon.
Listing Information for 415 W 5TH Street Tempe, AZ 85281
Property Type: Single Family-Detached, 1 Story
5 2
0.57 Acres 2,271 (approx) 1960
1 Stucco, Wood Frame
1N/4E/16
ZONED MULTI FAMILY
Custom
City
Sewer-Public
APS,SW Gas
School Information for 415 W 5TH Street Tempe, AZ 85281
School District: 003 - Tempe School District
Scales Technology Academy Gililland Middle School Tempe High School
Room Information for 415 W 5TH Street Tempe, AZ 85281
Other Dining Area
None
Other (See Remarks)
Interior Features for 415 W 5TH Street Tempe, AZ 85281
Refrigeration
Electric Heating
Other (See Remarks)
Exterior / Lot Features for 415 W 5TH Street Tempe, AZ 85281
Stucco
Composition Shingle
Orth Sub
Chain Link, Wood
North/South Exposure
Community Features for 415 W 5TH Street Tempe, AZ 85281
Driving Directions to 415 W 5TH Street Tempe, AZ 85281
One lot west of Farmer Avenue on S side of 5th St. 2 Homes & 1 Empty Lot (3 Lots Total in this sale). Multi Family! May be able to be rezoned to MU-4 Mixed Use High density 50 foot height.
Financial Considerations for 415 W 5TH Street Tempe, AZ 85281
Fee Simple
124-33-4
$4,150
2015
Cash,Conventional
Listing Price History for MLS#: 5462374

Tempe AZ Real Estate and Tempe AZ Homes for Sale

Tempe is located in the state of Arizona. The zip code of 85281 has a population of 164,139. The median age of people living in Tempe, AZ 85281, is 28.1 years.

Click on the tabs below to see more details for the 85281 zip code in Tempe, Arizona.

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Courtesy: GETARIZONAPROPERTY.COM
Information deemed reliable but not guaranteed. Copyright 2016 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
Information is deemed reliable but is not guaranteed.

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