For Sale
$1,350,000

1986 University Dr Tempe, AZ 85288

Rare Tempe property: Restaurant, apartments, retail potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This unique Tempe property presents a rare investment opportunity, encompassing 1,278 square feet on a 1-story, 1946-built building situated on an irrigated lot. Currently zoned agricultural, this versatile property offers a multitude of potential uses, including multi-family development, apartments, retail space, or restaurant establishment. Located at 1986 E University Dr, Tempe, AZ 85288, this infill land boasts a prime location near Arizona State University's Tempe campus and less than half a mile from Loop 101, placing it within a high-demand retail trade area. The property's proximity to Tempe Marketplace and ASU further enhances its desirability. The sale includes the land and a currently occupied 1,278 sq ft adobe home. Buyers are responsible for verifying all details, measurements, and information. Please note that the property is currently occupied, and occupants should not be disturbed. The asking price is $1,350,000.

Highlights

  • $1,350,000 asking price.
  • 1,278 SF retail/multifamily property.
  • 1946 construction, one-story building.
  • Located at 1986 E University Dr, Tempe, AZ 85288, near ASU and Loop 101.
  • Agricultural zoning allows for diverse uses, including multifamily development.
  • Includes a currently occupied 1,278 SF adobe home; sale is for land and existing structure.

Property Details for 1986 University Dr

Property type
Retail properties, Restaurants
Square Feet
1,278 SF
Year Built
1946
Stories
1

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.4487162
Longitude
-111.9561239

FAQs

What type of property is this?
Retail property - Rare Tempe property: Restaurant, apartments, retail potential.
Where is the retail property located?
The property is located at 1986 University Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: $1,350,000 asking price.; 1,278 SF retail/multifamily property.; 1946 construction, one-story building.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1986 University Dr
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