$1,350,000
Tempe, AZ 85288
MLS# 6423796
Status: UCB (Under Contract-Backups)
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Property Description
Rare opportunity to purchase infill land on University Drive for possible multi family units, apartments, retail, restaurant etc. Property is zoned agricultural giving it a variety of uses. Property is located near Arizona State's Tempe Campus, less than a 1/2 from Loop 101 in a high demand retail trade area. The property is close to Tempe Marketplace and ASU. Property includes a 1278 sq/ft adobe home that is currently occupied. Irrigated lot. Very unique property with a variety of potential uses. Do not disturb occupants. Sale is for the land and current single family home. Buyer to verify all facts, figures, measurements and any information of material importance.
Details
Maps
Contract Info
Current Price: $1,350,000
List Price: $1,350,000
Status: UCB (Under Contract-Backups)
List Date: 2022-06-18
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1986
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Zip4: 4553
Country: USA
County Code: Maricopa
Legal Description (Abbrev): PTN E 440 F SE4 SW4 COM S4 COR SEC 13 TH W ALG S LN SW4 440.10 F TH N 01D 14M E 65.02 F TH E 3.85 F
Assessor's Map #: 39
Assessor's Parcel #: 2
Assessor Parcel Ltr: U
Add'l Parcels: Yes
Assessor Number: 132-39-002-U
Census Tract: 318400
Legal: PTN E 440 F SE4 SW4 COM S4 COR SEC 13 TH W ALG S LN SW4 440.10 F TH N 01D 14M E 65.02 F TH E 3.85 F TPOB TH N 145 F TH
Tax Municipality: Tempe
Taxes: 1330
Tax Year: 2021
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 1278
# of Buildings: 1
Year Built: 1946
Uncvrd Parking Spcs: 10
Zoning: AG
Remarks & Misc
Cross Street: University Drive & Smith Rd
Directions: University and Smith Drive
Geo Lat: 33.422389
Geo Lon: -111.901635
Status Change Info
Status Change Date: 2024-04-30
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 1N
Range: 4E
Section: 13
Lot Number: -
Income & Expenses
Owner Association: No
Pmt & Rate Info
Equity: 1350000
Property Features
Building Type: Commercial; Other (See Remarks)
Current Use: Other; See Remarks
Stories: 1 Story
Construction: Block; Stucco; Frame - Wood; Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Ceramic Tile
Ceiling Height: 8 Feet or Less
Heating: Other; See Remarks
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Fencing: Other; See Remarks
Amenities: Other (See Remarks)
Parking: Fenced; Free; Private Parking
Electric: SRP
Gas: Other (See Remarks)
Water: Other; See Remarks
Sewer: Other (See Remarks)
Freeway/Highway: 1.1 - 2 Miles
New Financing: Cash Only; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Dedicated Street; Private Street
Traffic Count: 35,001 to 50,000
Reports/Disclosures: None
Environmental: None
Listing Office: Realty ONE Group
Last Updated: May - 01 - 2024
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