1063 W 5TH Street 3, Tempe, AZ 85281

New Listing
$385,000
Property Type: Land Lot Size (sq. ft.): 1,455 Status: Active
Current Price: $385,000 List Date: 4/21/2026 Last Modified: 4/21/2026

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
County Code
Maricopa
Assessor Number
124-36-190
Subdivision
TREBLE
Tax Year
2025
Lot #
3
Assessor's Map #
36
Legal Description (Abbrev)
LOT 3 TREBLE MCR 149024
Assessor's Parcel #
190
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318800
Taxes
356

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.03
Apx Total Acres G/N
G
Price Per Acre
12833333.33
# Lots in Listing
4
# Units Allowed
4
Apx SqFt
1455
Price Per SqFt
264.6
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
Text
Yes
Email
Yes
Phone Call
Yes
No Notification Required to Show
Yes

More Information

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
385000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Lockbox Type

See Private Remarks
Yes
None
Yes

Existing Land Use

Residential Lot
Yes
Packaged Lot
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

.0 - .24 Acres
Yes

Current Density

02 - 05 Units P/Acre
Yes

Proposed Density

02 - 05 Units P/Acre
Yes

Development Status

Raw Land
Yes
Subdivision Plat Apv
Yes
Plans Available
Yes
Plans Included
Yes
Flood Elevation Certificate
Yes
See Remarks
Yes

Land Features

East/West Exposure
Yes
Other
Yes
See Remarks
Yes

Land Configuration

Square Rectangular
Yes

Road Surface Type

Asphalt
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Available
Yes

Electric

APS
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Existing Structures

None
Yes

Distance to Cable

Under 350 Feet
Yes

New Financing

Cash
Yes
Conventional
Yes

Distance to Phone

Under 350 Feet
Yes

Distance to Water

Under 350 Feet
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

Under 350 Feet
Yes

Distance to Gas

Under 350 Feet
Yes

Distance to Sewer

Under 350 Feet
Yes

Use Restrictions

Existing Easement
Yes

Reports/Disclosures

Soil Test
Yes
Seller Prop Disc Stm
Yes
Boundary Survey Avlb
Yes

Environmental

None
Yes

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
Listing Office: Weichert, Realtors - Courtney Valleywide
IDX
Last Updated: April - 21 - 2026
Broker Attribution: 480-705-9600

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