1201 S FARMER Avenue #1 new Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85281
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Farmers Addition Blocks 1-2 & Part 3 & Lots 1-5
MLS Listing ID 6864241
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $2,677
Tax Year 2024
Lot Size 8,755 Sqft
Acres 0.2
Lot Dimensions IRR
Property Description
Seize a rare investment opportunity in Tempe's sought-after Farmer Arts District—a walkable, thriving neighborhood near Downtown Tempe, Mill Avenue, ASU, Tempe Town Lake, and the Light Rail. The 1,667 SF building, zoned R-3, received full entitlements from the City of Tempe in January 2025 for a proposed 4-plex residential apartment project, with approvals valid for one year. Originally constructed in 1960, the property offers a blend of vintage appeal and redevelopment flexibility. Surrounded by record-setting investment activity and continued urban growth, this location is ideal for office or mixed-use potential. A strategic chance to build, invest, or reposition in one of Tempe's most energized districts.
Location
State AZ
County Maricopa
Community Farmers Addition Blocks 1-2 & Part 3 & Lots 1-5
Zoning M-H
Direction West to Farmer, North to property
Building
Sewer Other
Water Other
New Construction No
Schools
Elementary Schools Getz School
Middle Schools Getz School
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-70-013-C
Acceptable Financing Cash,CTL,Conventional
Horse Property N
Listing Terms Cash,CTL,Conventional