1061 W 5TH Street 3, Tempe, AZ 85281

Property Description

Awesome opportunity to build housing a mile from ASU! Easement from 5th St is in place. The other 3 APN's are 124-36-188, 124-36-189, and 124-36-191. All 4 lots total 0.24 AC. Whatever is built, the footprint of the buildings should not cover more than 5000sf, with max height - 30 feet. Please check with Lucas at City of Tempe Planning before writing offer. He tells us a pre-planning review can be done over the phone or in person. Prior escrow fell out because buyer wanted to do 8 units. Parents are selling this land after son moved out of state. (Continued in Supplement) Updated info Seller found out from Tempe City Planning FYI: (Please verify for yourself of course - not to be relied upon.) He said the property is now zoned R3 (3 dwellings) but could be changed to R4 (4 dwellings), with preliminary review and a rezoning application. On the Master Community Development plans they already have property as an R4, so it should be easy to change it to R4. Seller also learned that if garages were part of the footprint sq ft, it could lend itself to be 4 units rather than 3 units, because of the parking ratio. Hurry before someone else grabs this! ALL FIGS/MEAS/INFO/SF/SCHOOLS APPROX. BUYER TO VERIFY ALL INFO OF IMPORTANCE TO THEM.

Listing Status:

Active

Date Added:

June 30, 2025 at 05:00AM

Listing Office:

Kate Rose Realty : 602-722-7673

Listing Agent:

Kate Rose : 602-722-7673

MLS ID:

6846759

Exterior

• General: None

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Tempe Union High School District
• County: Maricopa

Lot

• Topography: Level
• Zoning: R-312436190
• Fencing: Block

Utilities

• Water: City Franchise
• Sewer: Sewer - Available

Financial

• Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Kate Rose, Kate Rose Realty