Prime, and limited, new construction location in Tempe. Land being sold to take to highest and best use. Up to 12 units. Excellent for individual investor, Family Trust, REIT or as an exceptional addition to forward-looking SPAC portfolio. Buildable potential: 12 units Lot size: 136’ x 232’ Sq footage: 31,552 Prime location: S. Hardy Dr. between 5th St and W. Rio Salado Parkway Ideal location with easy access to all points of interest in the Valley of the Sun. 2 minutes - Tempe Beach Park 3 minutes - 202 Red Mountain Freeway 4 minutes - Arizona State University 6 minutes - Sun Devil Football Stadium 6 minutes - Sky Harbor Airport 13 minutes - Heard Museum 14 minutes - Phoenix Convention Center and Exhibit Hall Currently, 2 SFRs generating $3,456 Strong capitalization recommended to take property to its highest and best use. $690,000 - $800,000 per door unit pricing supported. Attractive opportunity to build, from the ground up, high energy efficient Condos or luxury apartments in eco-conscious community. Public transportation at front street. Tempe has 16 bus service, three express routes, one free Flash route, and six free Orbit neighborhood circulator routes. Call Dennis for more information
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