Infill Residential Development
For Sale
$395,000
1201 South Farmer Avenue Unit 1, Tempe, AZ 85281
Infill development land with Medium-Density Residential zoning, positioned for a four-townhome project.
Property Size8,755 SF
Price / SF$45.12
Days on Market180
Property Features for 1201 South Farmer Avenue Unit 1
General Information
Standard status
Active
Size
8,755 SF
Property subtype
Land
Zoning
R-3
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,865
Amenities
0.0
No
Listing Agency:
Compass
(406) 580-2876
Listed By:
Olivia Guza · License #SA708786000
(406) 580-2876
Source:
Compass
Added: Feb 24
Changed: Aug 8
Last Checked: Mar 25 at 10:59AM
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 Compass
Investment Insights
Based on property information with market context.
This offering is an infill residential development site with Medium-Density Residential zoning already in place. The property is described as supporting the development of four townhome units, with a configuration intended to align with demand trends and buildability.
The site is located about 1/2 mile from Arizona State University’s Main Campus, placing it in Tempe’s active residential corridor. The proximity to ASU is also cited as a factor for consistent student housing demand.
The property is presented as a development opportunity for townhome construction within a constrained land environment, with the offering focused on enabling the proposed four-unit plan.
The site is located about 1/2 mile from Arizona State University’s Main Campus, placing it in Tempe’s active residential corridor. The proximity to ASU is also cited as a factor for consistent student housing demand.
The property is presented as a development opportunity for townhome construction within a constrained land environment, with the offering focused on enabling the proposed four-unit plan.
Key Highlights
- Infill development site in Tempe with Medium‑Density Residential zoning
- Site supports a proposed four‑townhome unit development
- Located about 1/2 mile from Arizona State University’s Main Campus
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Infill development land with Medium-Density Residential zoning, positioned for a four-townhome project.
Where is this residential land & home lot located?
The property is located at 1201 South Farmer Avenue Unit 1 Tempe, AZ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Infill development site in Tempe with Medium‑Density Residential zoning; Site supports a proposed four‑townhome unit development; Located about 1/2 mile from Arizona State University’s Main Campus
