Real Estate in the Phoenix Metro Area
Steve Hueter
602-536-9814602-536-9814

501 E Broadway Road, Lot -, Tempe, AZ 85282 (MLS # 5941236)

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PRICE $749,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE 30,927 sqft

HUGE PRICE DROP FOR QUICK SALE. 501 East Broadway is a unique, bite-sized development opportunity inthe heart of Tempe, Arizona, minutes from the largest university in thenation. The site is located on the major arterial, Broadway Road, and acouple blocks from College Avenue which leads directly into theArizona State University campus. It is also a short walk / bike ride locatedless than 3/4 of a mile away. Additionally the site is approximately onemile to the nearest light rail station and minutes from the vibrant MillAvenue corridor. The location is as central is it gets and allows residentsto enjoy, with ease, so much of what Tempe has to offer: The ASUcampus, Tempe Marketplace, access to the 101 Freeway, and TempeBeach Park all just minutes away. This area of Tempe is not only popular because of the university but because it's also one of the most desirable areas in all of Arizona to live and work. The 501 East Broadway development opportunity consists of 0.71 acres of land zoned Residential-Office (R-O). Given its location along a major arterial, all off-site improvements are in place an all utilities are to the site. The location and zoning offers a number of options for an investor/ developer, with a small residential development or office complex being good options. This site would be ideal for: A small residential for-sale product, small rental community, office complex, or business location for an end-user. Tempe continues to be one of the most sought after submarkets for new multifamily-residential and mixed-use development due to its proximity to the largest university in the nation, its tremendous employment opportunities, and its convenient, centralized location in the heart of the metroplex. Significant employers in proximity to the property include Arizona State University, General Dynamics, U.S. Airways, Amazon, Microsoft, State Farm, and First Solar.

DAYS ON MARKET 122 LAST UPDATED 9/10/2019
COUNTY Maricopa STATUS Active
PROPERTY TYPE(S) Land / Lot

SCHOOLS
School District Tempe Union High School District (213)
Grade School Tempe School District (003)

PRICE HISTORY
Prior to Aug 13, '19 $800,000
Aug 13, '19 - Today $749,000


ADDITIONAL DETAILS
APX SQFT G/N G
APX TOTAL ACRES G/N G
ASSOC/PROP INFO: HOA 2 Y/N N
ASSOC/PROP INFO: HOA Y/N N
ASSOC/PROP INFO: PAD FEE Y/N N
COUNTY CODE Maricopa
CURRENT DENSITY 06 - 10 Units P/Acre
DEVELOPMENT STATUS Other (See Rmks), Raw Land
DISTANCE TO CABLE Within 1/2 Mile
DISTANCE TO ELECTRIC Within 1/2 Mile
DISTANCE TO GAS Within 1/2 Mile
DISTANCE TO PHONE Within 1/2 Mile
DISTANCE TO SEWER Within 1/2 Mile
DISTANCE TO WATER Within 1/2 Mile
ELECTRIC Other (See Rmks)
ENVIRONMENTAL None
FOR SALE OR LEASE? Sale
GAS Other (See Rmks)
LEGAL INFO: LOT NUMBER -
LEGAL INFO: RANGE 4E
LEGAL INFO: SECTION 27
LEGAL INFO: TOWNSHIP 1N
LOT SIZE DIMENSIONS 210x176 less 60x100
NEW FINANCING 1031 Exchange, Cash, Conventional, Other (See Rmks)
PARCEL SIZE .50 - .99 Acres
POTENTIAL USE Commercial, Multi-Family, Office, Other (See Rmks), Single Family
SEWER Other (See Rmks)
SPECIAL LISTING COND_2 N/A
STATE/PROVINCE AZ
TAX YEAR 2018, 2018
TAXES 6037.00
WATER Other (See Rmks)
ZONED PRESENTLY Other (See Rmks)
ZONING RO

ZESTIMATE
501 E Broadway Road, Lot -, Tempe, AZ

RENT ZESTIMATE
$ / mo.  501 E Broadway Road, Lot -, Tempe, AZ

50 Car-Dependent



 
CONTACT US ABOUT 501 E BROADWAY ROAD, LOT -
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Listed with ABI Multifamily
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Data last updated 10/18/19 12:33 AM PDT.