2415 S Rural Road Unit #1, Tempe, AZ 85282

$700,000
Sold Price
$700,000
List Price
$875,000
Closing Date
Dec 01, 2022
Days on Market
66
Status
CLOSED
MLS#
6468821
City
Tempe
Lot Size
16,143
Subdivision
Hughes Acres

Property Description

Rural Road and Broadway is a rare commercial/residential opportunity located in the heart of Arizona State University and Downtown Tempe. Located 0.75 miles south of the main ASU campus, this prime 0.4 acre property is zoned within the R-O district, which permits new development at the residential scale, or conversion of residential structures for use as professional commercial offices or other limited service uses. It also permits continuation of residential uses or reconversions to residential uses. Currently set up as a medical/dental service, plans are in process (not submitted) for a commercial/residential mixed use development. Located on the Northeast corner of E Loma Vista Drive and South Rural Road, clocking over 50,000 cars per day, this is one of the premier locations for new development opportunities. All plans, architectural drawings and designs will convey with the sale. By Appointment Only!

Additional Information

Elementary School
Broadmor Elementary School
High School
Tempe High School
Middle School
Tempe Academy Of International Studies McKemy Campus
School District
Tempe Union High School District
Acres
0.37
Electric
SRP
Existing Land Use
Commercial Lot, Other (See Rmks), Residential Lot
Fencing
See Remarks
Gas
SW Gas
Lot Size
16,143
New Financing
1031 Exchange, Cash
Parcel Size
.25 - .49 Acres
Potential Use
Commercial, Multi-Family, Office, Other, See Remarks, Single Family
Sewer
Sewer - Public
Subdivision
Hughes Acres
Taxes
$7,786
Tax Year
2022
Unit Number
1
Water
City Franchise
Zoned Presently
Commercial, Multi-Family, Office, Single Family, Special Use Permit
Zoning
RO/CT

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of North & Co. Selling Office: North & Co.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.