Location! Location! Location! Rare Tempe Multifamily R-3 Lot/project with 101 Highway street frontage!. Seller may carry!! This lot was previously approved to build 8 units and the seller will hand over everything to the buyer at no cost. includes: architectural plans, engineering reports, and final approval package. Tempe is pushing for higher density for vacant lots. Seller has hundred's of thousands of dollars and hours into this project and buyer could reap the benefits or you can build whatever suits your needs. Buyer will have to resubmit everything to get permits reapproved but should not take long. Steps away from Apache Blvd,, Circle K on the corner, and new development next to & behind the lot. Don't miss this opportunity to own this high density/high exposure lot.
Escalante, located between South McClintock Drive and South Rural Road, is a residential and campus-adjacent Tempe neighborhood with mid-century ranch streetscapes and a bike-forward layout. The neighborhood’s character concentrates around the McClintock Drive & East Southern Avenue crossroads, where student-serving eateries, coffee counters, and everyday retail keep sidewalks active. Arizona State University’s Tempe campus sets the tempo nearby, with Gammage Auditorium anchoring the cultural calendar. Papago Park’s desert trails and red-rock buttes shape the outdoor backdrop to the north. Housing reads as low-slung single-story homes and compact apartments with mature shade trees. Daily routines orbit light rail, neighborhood parks, and the steady hum of Mill Avenue after dark.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
No additional structures on the property
No fencing
Asphalt road frontage with sidewalks
Home design
Level topography
Utilities
City electric service (and other electric arrangements noted)
Public sewer
City water franchise (and other water arrangements noted)
Financial info
$1,279 annual tax (2024)
Other
Lot size approximately 0.36 acres
Electricity and solar
View estimated energy costs and solar savings for this home
This Centrally located lot is already ZONED R3 (Multifamily Res.) in the heart of Tempe. Imagine owning Acres in the Apache Redevelopment Zone (Orange Corridor) on the Tempe Transportation overlay District Land use Map. Walking distance to the Light Rail ''Park N Ride'' station on Apache/Price. Tempe Supports Re-Development here. Questions: Please Call Seller Agent Mo Karbassian at 6022927218
ARMLS #6044071
Feb 28, 2021
Listing Removed
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Aug 3, 2020
Price Changed
$350,000
Mar 1, 2020
Listed
$375,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Maricopa County
APN
132-72-040
Parking Spaces
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Basement
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Accessible
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Last updated by owner on Apr 6, 2023.
R-3
Multi-Family Residential Limited District
The residential districts are designed to provide neighborhoods with a range of housing densities. The differences in these housing densities and regulations are intended to support the varying lifestyles of the city's residents. The districts provide for a range of residential habitation including rural-agricultural, single-family, multi-family, mobile home, and combinations thereof, together with home occupations, schools, parks, and public services necessary for neighborhood living.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Student
Office-Other
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 111° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Tempe, AZ • 85281
Average low and high temperatures (°F)
69
47
78
55
84
61
86
64
94
72
105
82
106
85
107
86
102
81
92
69
76
55
74
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1272 S Price Rd #80
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $366,000 and $680,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $366K to $680K.