For Sale $750,000
Property Type VacantLand
Lot Size 0.34 Acre
Date Updated May 1, 2024

Located on the east side of Wilson Street just west of Farmer Avenue, take either 1st Street or 5th Street to access. The City of Tempe is home to Arizona State University's main campus - one of the largest public universities in the country. The Phoenix metro area is experiencing unprecedented growth which is expected to continue for the foreseeable future.Over 1/3 of an acre lot surrounded by multi-family - a perfect place to redevelop and benefit from the strong rental demand in the heart of Tempe. Current structure can be razed. Recent major capital investment projects in close proximity include luxury apartments and Class A office space. Those familiar with the market know these infill lots are very rare, a savvy buyer will not hesitate to jump on this. A few blocks from the plentiful amenities along Tempe Town Lake and Mill Avenue, various large employers including ASU and easy access to freeways make this location ideal for your next project. Grandfathered irrigation rights. Property has been in the family for 70+ years and structures are 1950's era, PLEASE DO NOT ENTER STRUCTURES.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

Less than a half mile from ASU
Adjacent to new developments
Very strong rental market
Easy access to Loop 202
Entertainment, dining and shopping close by

Contacts

Hani Aldulaimi

Hani Aldulaimi - KW Commercial - East Valley

(480) 900-8484

Location

Getting Around

Walk Score ®
80/100 Very Walkable
Transit Score ®
68/100 Good Transit
Bike Score ®
100/100 Biker's Paradise

City Tempe, AZ
Neighborhood Peterson Park
Zip Code 85281
Market Phoenix

Points of Interest

3rd St / Ash Ave

0.15 miles
5th St / Ash Ave

0.18 miles
Mill Ave/ 3rd St

0.28 miles
Tempe Beach Park / Rio Salado Pkwy

0.28 miles
3rd St / Mill Ave

0.33 miles
6th St / Mill Ave

0.36 miles
University Dr / Ash Ave

0.38 miles
Hayden Ferry / Rio Salado Pkwy

0.47 miles
9th St / Mill Ave

0.53 miles
Veterans Way/ College

0.56 miles

Arco

0.49 miles
Shell

0.99 miles
Chevron

1.20 miles
Circle K

1.39 miles
Circle K

1.40 miles
QuikTrip

1.46 miles
Shell

1.56 miles
Circle K

1.62 miles
QuikTrip

1.79 miles
Blink

1.89 miles

Centerpoint

0.36 miles
City Hall Visitor's Parking

0.39 miles
Hayden Ferry Lakeside Parking Garage

0.47 miles
CVS Parking Lot

0.51 miles
University Towers Parking Structure

0.56 miles
10th St. Parking Structure

0.66 miles
Fulton Center Parking Structure

0.70 miles
Stadium Parking Structure

0.77 miles
Gammage Auditorium Parking

0.81 miles
Lot 56

0.83 miles

Sonesta Select Tempe Downtown

0.22 miles
Tempe Mission Palms

0.38 miles
The Westin Tempe

0.47 miles
Residence Inn Tempe Downtown

0.49 miles
AC Hotel

0.54 miles
University Inn

0.56 miles
Hyatt House Tempe / Phoenix / University

0.93 miles
Hyatt Place Tempe / Phoenix / University

0.94 miles
Hyatt Place Tempe/Phoenix Airport

1.00 miles
Graduate Tempe

1.04 miles

Culinary Dropout

0.15 miles
Cabin Tempe

0.25 miles
Ncounter

0.26 miles
Blasted Barley Beer Company

0.28 miles
Cafe Boa

0.30 miles
Silver Mine Subs

0.30 miles
Americana Burgers & Beer

0.31 miles
Spinelli's Pizzeria

0.31 miles
Pho Thang Long Vietnamese Cuisine

0.31 miles
Vintage Bar & Grill

0.32 miles

Scales Professional Development School

0.57 miles
Global Institute of Sustainability

0.70 miles
Bryan University

0.73 miles
Gililland Middle School

0.86 miles
Student Pavilion

0.90 miles
Arizona State University - Tempe Campus

0.90 miles
Arizona State University

1.04 miles
Tempe High School

1.18 miles
Barrett, the Honors College at ASU

1.32 miles
Holdeman Elementary School

1.42 miles

Little Rascals Learning Center

2.45 miles
Little Rascals Learning Center

2.47 miles
Mill Avenue Preschool

2.96 miles
Valley Child Care & Learning Center

3.18 miles
Sunrise Preschool Tempe

3.32 miles
Calvary Christian Preschool & Daycare

3.95 miles
Kiddie Kampus

4.52 miles
A Nannies

4.57 miles
Best Friends Preschool

4.66 miles
Tutor Time

5.14 miles

Frequently Asked Questions

What is the lease rate for Tempe Infill Lot Close to ASU?

Rental asking rate at Tempe Infill Lot Close to ASU is $375,000.00/YR.

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.