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1061 W 5TH Street, 3, Tempe, AZ 85281
$325,000












Property Type:
Land
Lot Size (sq. ft.):
10,447
Status:
UCB (Under Contract-Backups)
Current Price:
$325,000
List Date:
4/05/2025
Last Modified:
6/20/2025
Description
This project is for sale and includes all 4 lots plus approved plans for 3 homes. You could also do 2 larger homes, 3 duplexes, or use your imagination for student housing or executive homes. The other 3 APN's are 124-36-188, 124-36-189, and 124-36-191. All 4 lots total 0.24 AC and are being sold together with the plans. Parents are selling this land after son moved out of state and they cannot finish project without him.. There is a padlock on the gate. See Property Access for code. See DOCUMENTS for several documents pertaining to the approved plans for TREBLE subdivision. We have more! If interested in this land/project, City City of Tempe tells us that if you want to do something different... (continued in Supplement)
Supplements: the footprint of the building or buildings should not cover more than 5000sf (half of the land), and the max height is 30 feet. This is an awesome opportunity to build housing a mile from ASU! Hurry before someone else grabs it. We lost our previous escrow due to buyer finding out their plan would not work and we don't want that to happen again, so please make sure your plan will work before going under contract for this property!
More Information MLS# 6846759
Contract Information
Current Price: $325,000
List Price: $325,000
Status: UCB (Under Contract-Backups)
List Date: 2025-04-04
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 1061
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2543
County Code: Maricopa
Assessor Number: 124-36-190
Subdivision: TREBLE
Tax Year: 2024
General Property Description
Apx Total Acres: 0.24
Apx Total Acres G/N: G
Price Per Acre: 1354166.67
# Lots in Listing: 4
# Units Allowed: 3
Apx SqFt: 10447
Price Per SqFt: 31.11
Apx SqFt G/N: G
Lot Size Dimensions: 50.01 x 208.94
Horses: N
Zoning: R-3
Flood Zone: No
High School District: Tempe Union High School District
High School: Tempe High School
Remarks Misc
Cross Street: University Dr & Hardy St
Directions: On south side of 5th St between Beck and Hardy, just one mile west of ASU. East of Scales Technology Academy Elementary School. Use the adjacent condo entrance/easement access road.
Geo Lat: 33.424835
Geo Lon: -111.954359
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 3
Showing Notification Methods
Showing Service: No Showing Service Used
Contact Info
List Agent Home Phn: 6027227673
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Packaged Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: .0 - .24 Acres
Current Density: 02 - 05 Units P/Acre
Proposed Density: 02 - 05 Units P/Acre
Development Status: Raw Land; Subdivision Plat Apv; Plans Available; Plans Included; Flood Elevation Certificate; See Remarks
Land Features: East/West Exposure; Other; See Remarks
Land Configuration: Square Rectangular
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Available
Electric: APS
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Use Restrictions: Existing Easement
Environmental: None
Showing Notification Methods: Text; Email; Phone Call; No Notification Required to Show
Lockbox Type: See Private Remarks; None
Fencing: Block
Listing Office: Kate Rose Realty
Last Updated: June - 20 - 2025

Broker Attribution:
kate@kateroserealty.com
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