AZ
Maricopa
Tempe
85281
1201 S Farmer Avenue 1
1201 S Farmer Avenue 1, Tempe, AZ 85281
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Listing Type
Lots/Land
Listing Status
Active
6
$395,000

Home Details for 1201 S Farmer Avenue 1

Price
$395,000
Type
Land
Lot size acres
0.2
County
Maricopa
Listing #
6994729
Listing Courtesy: Compass - 480-776-1555
Property Description

This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. With Medium-Density Residential zoning already in place, the property supports the development of four townhome units, the configuration most aligned with demand trends, buildability, and exit value in this submarket. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment, entertainment, transit, and the Mill Avenue District.

Property Features
  • Water Features
    • Public
School Information
School Information for 1201 S Farmer Avenue 1, Tempe, AZ 85281
Elementary School
Getz School
Middle School
Getz School
High School
Tempe High School
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Last Updated: 2026-04-11 14:01:56
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EXIT REALTY - REALTY PLACE
501 E. Plaza Circle Suite P, Litchfield Park, AZ 85340
Brian Smith
License #: SA652841000
REALTOR
Office
623 412 8500
Agent
623 680 0591
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