Courtesy of ARMLSNWMLS

OverviewEstate Overview - $1,400,000

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508 S FARMER Avenue,

Tempe, AZ 85281

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...See More

  • 0 Beds
  • 0 Baths
  • 0 Sqft
  • MultiFamily

OverviewListing Details

Status:Closed
Original Listing Price: $ 1,749,500
Listing Date: 02/01/2026
Days on dealty:Was on Dealty for 117 days
County:Maricopa
MLS Type:ARMLS
Built In:1960
Has HOA:Yes
Status Change Date:May 29, 2026
Pool:No
*Please Contact Lister for more information.

FeaturesProperty Features

Design
  • Property subtype: ********
  • Construction materials: Painted, Block
  • Roof: Built-Up
Flooring
  • Other
Interior Spaces
    --
Bedrooms & Bathrooms
  • 0 - Bedrooms
  • 0 - Bathrooms
Exteriors
  • Exterior features: ,
Lot Details
    --

AmenitiesAmenities

Utilities
  • Cooling - Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating - Heat Pump
  • Water Source : City Franchise
  • Sewer Information : Sewer-In & Connected, Public Sewer
Laundry
    --
Parking
  • Parking Features: Off Street, Detached Carport, Add'l Parking Avail
  • Garage Spaces: 0
  • Covered Spaces: 4
  • Parking Spaces: 4

HOAHOA & Financial

Primary HOA
  • Association Name: ********
  • Association Fee: $********
  • Association Fee Frequency: ********
  • Association Phone: ********
Second HOA
  • Association Name: ********
  • Association Fee: $********
  • Association Fee Frequency: ********
  • Association Phone: ********
Third HOA
    No

OverviewOpen House

* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

Schools & Neighborhood

Schools
  • Tempe Union High School District
Neighborhood
  • ORTH SUB

NeighborhoodExplore The Area

Similar HomesSimilar Homes

AgentListing Agent

Agent
Ron Fedri

(HomeSmart)

MLS # 6978065

508 S FARMER Avenue

Tempe, AZ 85281

$1,400,000
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FOR MORE PHOTOS VISIT
https://www.dealty.ai/buy/home/508-s-farmer-avenue-tempe-az-85281
Year Built
1960
Garage
4

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% OCCUPI...(Visit the link to Get more info)

AGENT CONTACT

Multiple Listing Service of ARMLS

All information should be independently verified by the recipient, and no representation is made by ARMLS as to its accuracy.