1878 E Southern Avenue Unit -, Tempe, AZ 85282

$400,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$400,000
List Price
$550,000
Closing Date
Sep 12, 2023
Days on Market
226
Status
CLOSED
MLS#
6507976
City
Tempe
Lot Size
18,018

Property Description

Rare Commercial/Residential opportunity located near Arizona State University and Downtown Tempe. Just 3 miles from the main ASU campus, this prime .41 acre property is zoned within the R-O district which allows new development at the residential level. This property is fully approved for 4, three story townhomes at 3375 square feet each. 4 car garages are optional and approved. Plans and approval are included in the purchase price. This project is shovel ready. Don't miss this rare opportunity to develop in a highly sought after location. Buy and start building now!

Additional Information

School District
Tempe Union High School District
Acres
0.41
Electric
APS
Fencing
Partial
Lot Size
18,018
New Financing
Cash, Conventional
Sewer
Public Sewer
Taxes
$4,382
Tax Year
2022
Water
City Franchise
Zoning
RO

Courtesy of Platinum Realty Network. 480-326-6521 Selling Office: Realty ONE Group.

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks