1063 W 5TH Street 3, Tempe, AZ 85281 (MLS# 7016914)

1063 W 5TH Street 3, Tempe, AZ 85281

$325,000
Property Type: Land Lot Size (sq. ft.): 6,112 Status: Active
Current Price: $325,000 List Date: 4/21/2026 Last Modified: 9/11/2026

Overview

Description

Great Investment Opportunity- Development already currently approved by the City of Tempe in an ''Opportunity Zone''. Subdivided for the possibility of 3 Detached Properties & a Common Area. Parking Spaces Already Accounted for in the Common Area Parcel/Lot. .Close Proximity to ASU, Mill Ave. & Tempe Amenities. A great find and investment opportunity.

Listing Details MLS# 7016914

Location, Tax & Legal

House Number
1063
Compass
W
Street Name
5TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2543
Country
US
County Code
Maricopa
Assessor Number
124-36-190
Subdivision
TREBLE
Tax Year
2025

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.14
Apx Total Acres G/N
G
Price Per Acre
2321428.57
# Lots in Listing
4
# Units Allowed
4
Apx SqFt
6112
Price Per SqFt
53.17
Apx SqFt G/N
G
Lot Size Dimensions
50.01 x 208.94
Horses
N
Zoning
R-3
Flood Zone
No
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Scales Technology Academy
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School

Remarks Misc

Cross Street
Priest Dr & 5th st
Directions
On south side of 5th St. between Beck & Hardy. Just east of Scales Technology Academy Elementary School. Use the adjacent apartment entrance/road to access the property.

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
3

Showing Notification Methods

Showing Service
No Showing Service Used

More Information

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Packaged Lot Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: .0 - .24 Acres Current Density: 02 - 05 Units P/Acre Proposed Density: 02 - 05 Units P/Acre Development Status: Raw Land; Subdivision Plat Apv; Plans Available; Plans Included; Flood Elevation Certificate; See Remarks Land Features: East/West Exposure; Other; See Remarks Land Configuration: Square Rectangular Road Surface Type: Asphalt Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Available Electric: APS Gas: SW Gas Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: Under 350 Feet Distance to Electric: Under 350 Feet Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Use Restrictions: Existing Easement Environmental: None Showing Notification Methods: Text; Email; Phone Call; No Notification Required to Show Lockbox Type: See Private Remarks; None Fencing: Block
IDX
Listing Office: Weichert, Realtors - Courtney Valleywide
Last Updated: September - 11 - 2026
Broker Attribution: 480-705-9600

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