1201 S Farmer Ave

1201 S Farmer Ave, Tempe, AZ 85281

  • For Sale $604,095
  • Property Type VacantLand
  • Property Size 1,667 SF
  • Lot Size 0.2 Acre
  • Year Built 1960
  • Date Updated May 16, 2025
Located in Tempe’s dynamic Farmer Arts District, the property enjoys a prime position in a walkable, culturally rich neighborhood just blocks from Downtown Tempe, Mill Avenue, Arizona State University, Tempe Town Lake, and the Light Rail. This area has become a magnet for growth and investment, with surrounding real estate hitting record highs. The property received full entitlements in January 2025 from the City of Tempe for a proposed 4-plex residential apartment building—an approved project with entitlements valid for one year. With continued demand for multifamily and office assets in this high-visibility corridor, this location offers a rare opportunity for savvy investors to capitalize on Tempe’s thriving urban core.Seize a rare Urban Infill Opportunity in Tempe's sought-after Farmer Arts District—with immediate access to the Light rail and Tempe Streetcar it is a walkable, thriving neighborhood perfect for ASU Students. It's near the Mill Avenue/Apache Blvd Bend, Tempe Town Lake, and Arizona State University. This lot is ready to build and *fully entitled from the City of Tempe in January 2025 for a proposed 3-Story 4-plex residential apartment project. The plans allow for a 7,315 SF four-plex consisting of 4 THREE BEDROOM UNITS with 12 BEDROOMS TOTAL and COVERED PARKING BELOW.(Illustrations Attached) Located near the valley's most sought-after retail center, residents will enjoy close access to an extensive selection of top retailers. The neighborhood offers a blend of vintage appeal and redevelopment flexibility. Surrounded by record-setting investment activity and continued urban growth, this location is ideal for multi-family residential, office, or mixed-use potential. This is a strategic chance to build, or invest, in one of Tempe's most energized districts.
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Highlights

  • Zoned R-3
  • Located in Tempe
  • Prime investment opportunity
  • Strong potential for multifamily development
  • Desirable location for renters
  • Proximity to amenities and transportation

Contacts

broker
Don Mortensen

LRA Commercial

Location

Getting Around

  • Walk Score ®

    66/100 Somewhat Walkable

  • Transit Score ®

    60/100 Good Transit

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Tempe, AZ
  • Neighborhood Peterson Park
  • Zip Code 85281
  • Market Phoenix

Points of Interest

  • 11th St / Mill Ave

    0.28 miles

  • 9th St / Mill Ave

    0.42 miles

  • University Dr / Ash Ave

    0.44 miles

  • College Ave / Apache Blvd

    0.51 miles

  • 5th St / Ash Ave

    0.63 miles

  • 6th St / Mill Ave

    0.66 miles

  • 3rd St / Ash Ave

    0.79 miles

  • Mill Ave/ 3rd St

    0.82 miles

  • Paseo Del Saber / Apache Blvd

    0.84 miles

  • Veterans Way/ College Ave

    0.84 miles

  • Circle K

    0.76 miles

  • Chevron

    1.01 miles

  • chargepoint

    1.16 miles

  • QuikTrip

    1.38 miles

  • Wallbox

    1.49 miles

  • ChargePoint

    1.54 miles

  • Watermark Visitor Parking

    1.59 miles

  • Fry's Fuel Center

    1.59 miles

  • Blink

    1.73 miles

  • Tesla Destination Charger

    1.73 miles

  • Lot 3

    0.30 miles

  • CVS Parking Lot

    0.41 miles

  • 10th St. Parking Structure

    0.46 miles

  • Centerpoint

    0.50 miles

  • Apache Parking Structure

    0.58 miles

  • City Hall Visitor's Parking

    0.69 miles

  • Parking Lot 27

    0.74 miles

  • Fulton Center Parking Structure

    0.74 miles

  • University Towers Parking Structure

    0.75 miles

  • University Inn

    0.36 miles

  • Omni Tempe Hotel at ASU

    0.45 miles

  • Graduate by Hilton Tempe

    0.46 miles

  • The Westin Tempe

    0.55 miles

  • Canopy

    0.55 miles

  • Sonesta Select Tempe Downtown

    0.62 miles

  • Vib

    0.63 miles

  • Motel 6 Phoenix Tempe - Broadway - ASU

    0.65 miles

  • Residence Inn Tempe Downtown

    0.73 miles

  • Tempe Mission Palms

    0.80 miles

  • Chipotle

    0.25 miles

  • Subway

    0.31 miles

  • Otto Pizza & Pastry

    0.38 miles

  • Thai Basil

    0.39 miles

  • El Pollo Supreme

    0.39 miles

  • Loving Hut

    0.39 miles

  • First Watch

    0.41 miles

  • Gadzooks Enchiladas and Soup

    0.41 miles

  • Blaze Pizza

    0.42 miles

  • Oregano's

    0.43 miles

  • Tempe High School

    0.43 miles

  • Student Pavilion

    0.62 miles

  • Geneva Epps Mosley Middle School

    0.65 miles

  • Scales Technology Academy

    0.87 miles

  • Barrett, the Honors College at ASU

    0.95 miles

  • Broadmor Elementary School

    0.96 miles

  • Tempe Academy for International Studies--McKemy Campus

    0.98 miles

  • Holdeman Elementary School

    0.98 miles

  • Arizona State University

    1.03 miles

  • LeadAZ Private School

    1.05 miles

  • My Lightfoot Angel's Respite Center

    1.32 miles

  • Little Rascals Learning Center

    1.67 miles

  • Mill Avenue Preschool

    2.18 miles

  • Sunrise Preschool Tempe

    2.56 miles

  • Bright Ideas Childcare & Learning Center

    2.58 miles

  • Valley Child Care & Learning Center

    2.84 miles

  • Calvary Christian Preschool & Daycare

    3.49 miles

  • Best Friends Preschool

    4.06 miles

  • Sounds Montessori Childcare

    4.20 miles

  • Tutor Time

    4.57 miles

Frequently Asked Questions

How much does 1201 S Farmer Ave cost?

The space currently listed for sale at 1201 S Farmer Ave asks for $604,095.

What is the total square footage of 1201 S Farmer Ave?

1201 S Farmer Ave totals 1,667 square feet.

When was this property built?

1201 S Farmer Ave was built in 1960.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Don Mortensen

LRA Commercial

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