1986 University Dr Tempe, AZ 85281
This exceptional 6,970 square foot lot presents a unique opportunity in Tempe, Arizona. Zoned AG, it offers flexibility for either agricultural use or residential development. Ideally situated near Arizona State University's expansive Tempe campus, this property benefits from its proximity to a vibrant hub of dining and entertainment options. Less than a mile from the Loop 101 freeway, it provides convenient access to major transportation arteries. The site boasts readily available flood irrigation, with power and sewer access conveniently located nearby. This parcel is part of Tempe's Smith Industrial Innovation Hub, an area characterized by high population density and significant traffic counts. Note that this property is the sixth lot from University Drive and its Assessor's Parcel Number (APN) is 132-39-002D. The property's address is 1986 E University Dr, Tempe, AZ 85281. This is a remarkable infill opportunity, and adjacent lots are also available for potential expansion or development. The location offers excellent visibility and accessibility, making it an attractive investment for various projects. This is a rare chance to acquire land in a high-growth area with established infrastructure and strong potential for future appreciation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.