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2415 S RURAL Road #1 Tempe, AZ 85282
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Key Details
Sold Price $700,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Hughes Acres
MLS Listing ID 6468821
Sold Date 12/01/22
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $7,786
Tax Year 2022
Lot Size 0.371 Acres
Acres 0.37
Lot Dimensions 82x160x98x141
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!
Location
State AZ
County Maricopa
Community Hughes Acres
Zoning RO/CT
Exterior
Fence See Remarks
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Broadmor Elementary School
Middle Schools Tempe Academy Of International Studies Mckemy
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 133-42-001
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
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Bought with NORTH&CO.