1427 Bonarden Ln Tempe, AZ 85281

This exceptional Tempe investment property, known as "The 8 on Bonarden Lane," presents a unique opportunity for developers and investors. Located at 1427 S Bonarden Ln, Tempe, AZ 85281, this multifamily land parcel encompasses multiple APNs: 133-10-143, 133-10-144, 133-10-145, 133-10-147, 133-10-148, 133-10-149, 133-10-150, 133-10-151, 133-10-152, 133-10-153, and 133-10-154 in Maricopa County. The asking price is $1,550,000. This prime location offers unparalleled convenience, situated within walking distance of the Arizona State University campus and the Valley Metro Light Rail, ensuring strong rental demand and easy access to public transportation. The property is ideally suited for the development of a rental community or for-sale housing units, featuring large units with desirable layouts. Adding to its appeal, this development sits within a designated Opportunity Zone, presenting significant tax advantages for qualified investors. Previously approved plans are available, anticipating a streamlined approval process upon resubmission, accelerating the development timeline. This is a truly exceptional opportunity to capitalize on Tempe's thriving real estate market.