1986 E UNIVERSITY Drive $2,056,450

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    1986 E UNIVERSITY Drive Tempe, AZ 85281

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    $2,056,450

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    • 1,278 sq.ft.
    • Commercial Sale
    • MLS# 5976041
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    Views: 33 Days On Market: 161

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    Property Details

    Perfect infill location for mixed use development including multi-family units, restaurant, entertainment etc. Situated nearArizona State University's large Tempe campus amid dining and entertainment and less than a mile from the Loop 101. This approximately 1.5 acre site is in a high demand rental area. The site holds a well-maintained 1,278 SF residence which includes an original adobe structure dating from the 1800's. Creative use of the special character of this unique property would make this a destination. Located in Qualified Opportunity Zone. 40,000 vehicles pass site daily.

    • General Features
      • Assessor Book # 132.00
      • Assessor Map # 39.00
      • Assessor Number 132-39-002-U
      • Assessor Parcel # 2.00
      • Assessor Parcel Ltr U
      • Building Type Other (See Remarks)
      • Cooling Error: ClassID in tblMLSFieldPropertyType is null.
      • County Maricopa
      • Covered Parking Spaces 0.00
      • Cross Street University Drive & Smith Rd
      • Directions From Loop 101 take University Drive exit heading west, subject property is approx 1/2 mile on north side of road just past Smith Rd. From Loop 202 take Hayden/McClintock head south, east on University
      • Electric SRP
      • Fencing Error: ClassID in tblMLSFieldPropertyType is null.
      • Gas Other (See Remarks)
      • Heating Error: ClassID in tblMLSFieldPropertyType is null.
      • List Date 2019-09-06
      • Marketing Name Tempe Infill Opportunity
      • Parking Error: ClassID in tblMLSFieldPropertyType is null.
      • Roofing Error: ClassID in tblMLSFieldPropertyType is null.
      • Sewer Error: ClassID in tblMLSFieldPropertyType is null.
      • Subdivision Also parcels 132-39-002D,F,L,M,N,P and Q available
      • Tax Municipality Tempe
      • Tax Year 2019
      • Taxes $1,261
      • Total Approx Building SqFt 1,278
      • Total Approx Land SqFt 21,413
      • Type ER
      • Uncovered Parking Spaces 10.00
      • Water Error: ClassID in tblMLSFieldPropertyType is null.
      • Year Built 1946
      • Zoning AG
    • Building Features
      • Construction Error: ClassID in tblMLSFieldPropertyType is null.
      • Ceiling Height 8 Feet or Less
      • Stories 1 Story
      • Interior Finished
      • Floors Ceramic Tile
    • Property Features
      • Total Parking Space 10.00
      • Legal Info: Lot Number -
      • Legal Info: Township 13
      • Legal Info: Range 4E
      • Ownership Fee Simple
      • Income & Expenses: Net Operating Income 0.00
      • Income & Expenses: Gross Annual Sch Inc 0.00
      • Income & Expenses: Adjusted Gross Inc 0.00
      • Number of Buildings 2

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    Neighborhood

    85281 (Tempe) Demographics

    23 Median Age
    4,597 Population Density (per sq. mile)
    47% College Educated
    $31,921 Estimated Median Income
    4,529 Estimated Total Home Owners
    17,529 Estimated Total Renters
    21% / 79% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    61,382 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $269,500 Median Sales Price
    46 Homes Sold
    53 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,056,450 -9.76%
        9/9/2019 10:55:00 AM New in Database Source New Value: $2,278,800

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        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2/17/2020 7:12:04 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.