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Priced at $1,700,000, this commercial land parcel spans approximately two acres in Tempe, Arizona. The site is currently zoned R/O, offering flexibility for developers operating within this active metropolitan submarket. Tempe remains a core component of the Phoenix metropolitan area, supported by a diverse economy driven by education, technology, and regional transit connectivity. The property features an approved site plan for the development of 20 townhomes. This project provides a clear path for residential density in a location that benefits from proximity to key arterial roadways and major employment centers. Investors and developers can capitalize on the established entitlement status to expedite the construction process for housing units in this growing suburban market.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.