508 S FARMER AVENUE
Tempe AZ 85281

$1,649,500
Price

0.0
Beds

0.0
Baths

0
Sqft

homeListing Details:

Listing ID: 6978065
Updated: 2/21/2026 5:27pm

Status Active/For Sale
Days On Market 23
Taxes $3,659.00
HOA $0.00/********
Type N/A
Open Parking 4
Year Built 1960
Lot Size 0.00
County Maricopa
Listed By HomeSmart

descriptionDescription:

PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN TEMPE. SURROUNDED BY A COLLECTION OF HIGH-END COMMERCIAL/OFFICE DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY URBAN MULTI USE CONDOMINIUMS, THIS PROPERTY IS ONE OF THE LAST BEST INFILL LOCATIONS AVAILABLE FOR LONG TERM INVESTMENT GROWTH. THE 2 PARCELS ARE ALSO LOCATED IN TEMPE'S TRANSPORTATION OVERLAY DISTRICT, ALLOWING ADDITIONAL DEVELOPMENT OPTIONS NOT FOUND IN OTHER R3 ZONED CITY NEIGHBORHOODS. IN ADDITION, THE EXISTING 8 RENTAL UNITS ARE 100% OCCUPIED OFFERING IMMEDIATE CASH FLOW DURING THE PLANNING PROCESS.

mapProperty Location:

Listed By: HomeSmart | 602-369-7994, Ron Fedri 602-369-7994

Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.



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