Multifamily R-3 Development
For Sale
$649,000
1272 S PRICE Road 80, Tempe, AZ 85281
Tempe R-3 lot with highway frontage and prior approval materials for an eight-unit multifamily project.
Property SizeContact for details
Days on Market139
Property Features for 1272 S PRICE Road 80
General Information
Standard status
Active
Property subtype
Lots/Land
Zoning
R-3
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$1,279
Listing Agency:
DeLex Realty
(602) 465-8227
Listed By:
John A Kovalik · License #SA529382000
(602) 465-8227
Source:
Exitrealty
Added: Apr 9
Changed: Aug 8
Last Checked: Jun 30 at 8:03PM
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 DeLex Realty
Investment Insights
Based on property information with market context.
This Tempe multifamily development parcel is designated R-3 and has been previously approved to build eight units. The seller is offering the existing project package, including architectural plans, engineering reports, and a final approval package, to the buyer at no additional cost.
The property has 101 Highway street frontage, with nearby access to Apache Blvd. The site is described as being steps from a Circle K located on the corner, and surrounded by new development positioned next to and behind the lot.
For buyers and developers evaluating an infill multifamily use, the value here is the existing entitlement and documentation set. The buyer will need to resubmit materials to get permits reapproved, which the seller indicates should not take long. The seller may also consider carrying with 50% down, subject to buyer and transaction terms.
The property has 101 Highway street frontage, with nearby access to Apache Blvd. The site is described as being steps from a Circle K located on the corner, and surrounded by new development positioned next to and behind the lot.
For buyers and developers evaluating an infill multifamily use, the value here is the existing entitlement and documentation set. The buyer will need to resubmit materials to get permits reapproved, which the seller indicates should not take long. The seller may also consider carrying with 50% down, subject to buyer and transaction terms.
Key Highlights
- Tempe R‑3 lot with 101 Highway Street frontage
- Previously approved plan to build 8 multifamily units
- Includes architectural plans, engineering reports, and a final approval package
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,261
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 - Tempe R-3 lot with highway frontage and prior approval materials for an eight-unit multifamily project.
Where is this residential land & home lot located?
The property is located at 1272 S PRICE Road 80 Tempe, AZ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Tempe R‑3 lot with 101 Highway Street frontage; Previously approved plan to build 8 multifamily units; Includes architectural plans, engineering reports, and a final approval package
