2227 Mcarthur Dr Tempe, AZ 85288
- Commercial real estate
- 0.93 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2227 Mcarthur Dr
- Lot size
- 0.93 lot acres
- Property type
- Commercial real estate
- APN
- 135-41-025B & 024A
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.8904644
- Latitude
- 33.4164442
