903 Miller Rd Tempe, AZ 85288-1933

This exceptional 1.8-acre development site in Tempe, Arizona, presents a rare opportunity to construct a 207-unit Class A multifamily building. Located at 903 & 909 N Miller Rd (APN: 132-17-007G, 002B), this fully entitled project boasts a PAD zoning designation within the city of Tempe. The site offers 303,984 square feet of total area, with 160,740 square feet of net rentable space spread across a six-story building. Its prime location directly on the green belt provides residents with convenient access to outdoor recreation. Furthermore, its proximity to Arizona State University's NOVUS Innovation Corridor and the South Pier Master Plan ensures strong demand from both students and professionals. The property benefits from excellent freeway access and is situated in an economically resilient submarket, making it an ideal investment for those seeking immediate development potential. The project's designation as an Opportunity Zone further enhances its investment appeal. This is one of the last remaining infill opportunities in Tempe, offering immediate development potential with all necessary approvals already in place. The property's strategic location and strong market fundamentals make it a compelling investment opportunity. The asking price for this exceptional development site is $7,100,000.