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501 E Broadway Road (unit -), Tempe, AZ – $749,000

  • $749k Price
  • .71 Acres
  • $749k Price
  • .71 Acres

501 E Broadway Road (unit -)

HUGE PRICE DROP FOR QUICK SALE. 501 East Broadway is a unique, bite-sized development opportunity inthe heart of Tempe, Arizona, minutes from the largest university in thenation. The site is located on the major arterial, Broadway Road, and acouple blocks from College Avenue which leads directly into theArizona State University campus. It is also a short walk / bike ride locatedless than 3/4 of a mile away. Additionally the site is approximately onemile to the nearest light rail station and minutes from the vibrant MillAvenue corridor. The location is as central is it gets and allows residentsto enjoy, with ease, so much of what Tempe has to offer: The ASUcampus, Tempe Marketplace, access to the 101 Freeway, and TempeBeach Park all just minutes away. This area of Tempe is not only popular because of the university but because it's also one of the most desirable areas in all of Arizona to live and work. The 501 East Broadway development opportunity consists of 0.71 acres of land zoned Residential-Office (R-O). Given its location along a major arterial, all off-site improvements are in place an all utilities are to the site. The location and zoning offers a number of options for an investor/ developer, with a small residential development or office complex being good options. This site would be ideal for: A small residential for-sale product, small rental community, office complex, or business location for an end-user. Tempe continues to be one of the most sought after submarkets for new multifamily-residential and mixed-use development due to its proximity to the largest university in the nation, its tremendous employment opportunities, and its convenient, centralized location in the heart of the metroplex. Significant employers in proximity to the property include Arizona State University, General Dynamics, U.S. Airways, Amazon, Microsoft, State Farm, and First Solar.

Essential Information

  • MLS® #5941236
  • Price$749,000
  • Acres0.71
  • TypeLand / Lot
  • StatusActive

Community Information

  • Address501 E Broadway Road (unit -)
  • CityTempe
  • CountyMaricopa
  • StateAZ
  • Zip Code85282

School Information

District

003 - Tempe Elementary District

Additional Information

  • ZoningOther (See Rmks)

Listing Details

  • OfficeABI Multifamily
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Price Change History for 501 E Broadway Road (unit -), Tempe, AZ (MLS® #5941236)

Date Details Change
Price Reduced from $800,000 to $749,000 $51,000 (6.38%)

ABI Multifamily.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Coldwell Banker Residential Brokerage. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on October 18th, 2019 at 5:34am MST.