AZ
Maricopa
Tempe
85281
508 S FARMER Avenue
508 S FARMER Avenue, Tempe, AZ 85281
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Listing Type
Multi Family
Listing Status
Active
6
$1,649,500

Home Details for 508 S FARMER Avenue

Price
$1,649,500
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1960
County
Maricopa
Garage
Days on site
19
Listing #
6978065
Listing Courtesy: HomeSmart - 480-443-7400
Property Description

PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN TEMPE. SURROUNDED BY A COLLECTION OF HIGH-END COMMERCIAL/OFFICE DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY URBAN MULTI USE CONDOMINIUMS, THIS PROPERTY IS ONE OF THE LAST BEST INFILL LOCATIONS AVAILABLE FOR LONG TERM INVESTMENT GROWTH. THE 2 PARCELS ARE ALSO LOCATED IN TEMPE'S TRANSPORTATION OVERLAY DISTRICT, ALLOWING ADDITIONAL DEVELOPMENT OPTIONS NOT FOUND IN OTHER R3 ZONED CITY NEIGHBORHOODS. IN ADDITION, THE EXISTING 8 RENTAL UNITS ARE 100% OCCUPIED OFFERING IMMEDIATE CASH FLOW DURING THE PLANNING PROCESS.

Property Features
  • Cooling Information
    • Central Air
    • Ceiling Fan(s)
    • Electric
    • Heat Pump
  • Parking
    • Off Street
    • Detached Carport
  • Heating Information
    • Heat Pump
  • Water Features
    • Public
  • Utilities
    • Sewer Connected
Arizona logo Copyright ©2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: 2026-02-21 19:12:40
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EXIT REALTY LIVING
64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
Office
480 791 4604
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