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High-Density Multifamily Development Lot
For Sale
$649,000

80-1272 S Price Rd, Tempe, AZ 85281

Multifamily R-3 lot with prior approval materials, including plans, engineering reports, and a final approval package.

Property SizeContact for details
Days on Market157

Property Features for 80-1272 S Price Rd

General Information

Standard status Active
Property subtype Land
Zoning R-3

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $1,279
Listing Agency: DeLex Realty
Listed By: John A Kovalik · License #SA529382000
Source: Exprealty
Added: Mar 22 Changed: Aug 8 Last Checked: Jul 21 at 6:08PM

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 R-3 lot includes previously completed development documentation, such as architectural plans, engineering reports, and a final approval package. The property was previously approved to build 8 units, and the seller indicates the approval materials will be handed over to the buyer at no cost. The buyer will need to resubmit items to reapprove for permits, according to the seller.

The lot offers 101 Highway street frontage and is described as being steps from Apache Blvd, with a Circle K on the corner and nearby new development next to and behind the lot.

For buyers looking to move forward with multifamily density, the property’s prior approval status and included planning package provide a documented starting point for permit reapproval.

Key Highlights

  • Tempe multifamily R‑3 lot with 101 Highway St frontage
  • Previously approved to build 8 units
  • Includes architectural plans, engineering reports, and a final approval package

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Law Firm Accounting Firm Nail Salon Garden Center Pharmacy

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

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

860
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Multifamily R-3 lot with prior approval materials, including plans, engineering reports, and a final approval package.
Where is this residential land & home lot located?
The property is located at 80-1272 S Price Rd 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 multifamily R‑3 lot with 101 Highway St frontage; Previously approved to build 8 units; Includes architectural plans, engineering reports, and a final approval package
More about this property
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