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    2227 Mcarthur Dr Tempe, AZ 85288

    For Sale
    Contact for pricing

    Prime Tempe location, high-density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.933-acre commercial land parcel is situated in Tempe, Arizona, at 2227 E McArthur Dr, 85288. The property boasts a convenient location near the intersection of Loop 101 Freeway and E. Apache Boulevard, offering easy access to major freeways (Loop 202 & Route 60), Arizona State University, Phoenix Sky Harbor International Airport, and popular destinations like Mill Avenue, Old Town Scottsdale, and Downtown Phoenix. The site is also within walking distance of a Valley Metro light rail station, enhancing its accessibility. Currently zoned R1-6 (Single-Family Residential) by the City of Tempe, the property is designated as Mixed-Use High Density in the city's 2050 General Plan, allowing for up to 65 dwelling units per acre. This presents a significant development opportunity. The rectangular lot features approximately 130 feet of frontage on E. McArthur Drive and is approximately 315 feet deep, offering level topography. The property is within a federally designated Difficult to Develop (DDA) and Qualified Census Tract (QCT) and is located in Tempe's Transit Oriented District (TOD), requiring adherence to specific district regulations. Utilities require verification by the buyer during due diligence. The surrounding area is a vibrant mix of retail, restaurants, shops, and residential properties. The APN is 135-41-025B & 024A.

    Property Features for 2227 Mcarthur Dr

    General Information

    Property type
    Land
    Lot Size
    40,641 SF

    HighLights

    • 0.933‑acre commercial land parcel in Tempe, AZ, near Loop 101 and E. Apache Blvd.
    • Tempe's 2050 General Plan allows up to 65 dwelling units per acre.
    • Excellent access to major freeways, ASU, Sky Harbor Airport, and key destinations.
    • Located in a Difficult to Develop (DDA) and Qualified Census Tract (QCT) area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8904644
    Latitude
    33.4164442

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    FAQs

    What type of property is this?
    Land - Prime Tempe location, high-density potential.
    Where is this land located?
    The property is located at 2227 Mcarthur Dr Tempe, AZ.
    What are key features of this property?
    This property features: 0.933-acre commercial land parcel in Tempe, AZ, near Loop 101 and E. Apache Blvd.; Tempe's 2050 General Plan allows up to 65 dwelling units per acre.; Excellent access to major freeways, ASU, Sky Harbor Airport, and key destinations.
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    2227 Mcarthur Dr Tempe, AZ 85288
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2227 Mcarthur Dr Tempe, AZ 85288
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