1031 S Farmer Ave Lots 7 & -- #8, Tempe, AZ 85281

Tempe
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
1031 S Farmer Ave Lots 7 & -- #8,Tempe, AZ 85281
$995,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: katherine r ortmeier, ari jakobov
Office: exp realty
MLS#:7077345
Source:ARMLS

Price summary

  • Price:$995,000

About this home

PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, this offering includes two parcels, 124-70-002 and 124-70-003, with R-3 zoning allowing medium-density multifamily development. Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Purchase both parcels together or separately, providing flexibility to suit your development strategy. Opportunities of this scale and proximity to ASU are rare to find.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Subdivision & Development:FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
  • Listing ID #:7077345
  • Updated:September 09, 2026 at 12:01 AM

Structure and exterior

  • Lot area:0.16 Acres

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$995,000
  • Tax amount:$2,714 (2025)
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

New listings near 1031 S Farmer Ave Lots 7 & -- #8