Building Details

Year Built 1960

Listing Agency: LRA Real Estate Group, LLC

Listed By: Don Mortensen · License #BR529840000 Show Phone

Source: Lrarealestate

Added: Nov 25, 2025 Changed: Sep 10 Last Checked: Oct 5 at 3:08PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LRA Real Estate Group, LLC

Investment Insights

Based on property information with market context.

This property is zoned R-3 and located in Tempe, Arizona. It presents a prime investment opportunity with strong potential for multifamily development. The location is desirable for renters, with proximity to amenities and transportation.

Key Highlights

• Zoned R‑3 for multifamily development
• Prime investment opportunity
• Located in Tempe

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Pet Store Pet Store & Service Restaurant Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,746

Businesses Nearby

Explore this area Business Placement

Demographics for 85281, AZ

69,218

Population

32,475

Households

2.1

Avg Household Size

26

Median Age

49%

College-Educated

91%

High-School Grad

13.3 sq mi

ZIP Area

5,204

Density / Sq Mi

$59,084

Median Household Income

$32,805

Median Earnings

$1,531

Median Rent

$364,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Land - Land in Tempe with multifamily development potential.

Where is this land located?

The property is located at 1201 S Farmer Ave Tempe, AZ.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Zoned R‑3 for multifamily development; Prime investment opportunity; Located in Tempe