1117 E Spence Avenue Unit #-, Tempe, AZ 85281

$1,295,000
List Price
$1,295,000
Days on Market
53
Status
ACTIVE
MLS#
6328089
City
Tempe
Lot Size
12,382
Subdivision
Halsingborg

Property Description

ATTENTION INVESTORS/DEVELOPERS/BUYERS. Great Opportunity to build in the heart of Tempe. Lot has been rezoned into 6 lots and a full approved site plan to build 6 town home is ready to go. Building permits are ready to be pulled from the City of Tempe. A minute or two walk to Arizona State University. You don't have to wait for years to get your project approved by the city. Each town home will be over 2000 SQFT. This lot has an amazing location with a huge upside potential. The brand new units this size in Tempe are selling between $700-$800k. This lot is also located in Qualified Tempe Opportunity Zone.

Additional Information

Elementary School
Tempe Academy Of International Studies McKemy Campus
High School
Tempe High School
Middle School
Tempe High School
School District
003 - Tempe School District
Acres
0.28
Electric
SRP
Existing Land Use
Residential Lot
Gas
None
Lot Size
12,382
New Financing
Cash
Parcel Size
.0 - .24 Acres
Potential Use
Multi-Family
Sewer
Sewer - Public
Pool
Yes
Subdivision
Halsingborg
Taxes
$1,368
Tax Year
2020
Unit Number
-
Water
Irrigation Pipe
Zoned Presently
Multi-Family
Zoning
R-4

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Realty ONE Group.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.