Property Details

Over 1 Acre | Tempe Redevelopment Opportunity

$3,300,000

17,166 +/- SF |

1090 W. 5th St.
Tempe, AZ 85281

Price: $3,300,000
Building Size: 17,166 +/- SF
Price/SF:
Property Type: Redevelopment
Property Sub-type: Investment
No. Stories: 1
Year Built: 1963
Lot Size: 1.2 +/- AC
APN / Parcel ID: 124-29-016B
Listing ID B139r

HIGHLIGHTS

  • Real estate included in prime Tempe location.
  • Great opportunity for multi-family redevelopment, or division into retail/separate offices.
  • Great demographics – over 100k residents within 3 miles, not including non-resident ASU students.
  • Located less than a mile from ASU and Downtown Tempe containing heavy retail, restaurants and bars.
  • Building Size: 17,166 +/- SF
  • Lot Size: 1.2 +/- AC
  • Zoned CSS (Commercial Shopping & Service)

DESCRIPTION

  • Parcel ID: 124-29-016B; Year Established: 1963
  • Located in the heart of Tempe on the northeast corner of W. 5th St. & Beck Ave.
  • Bus line runs on W. 5th St., bus stop across the street.
  • Both streets are 2-lane residential roads with no medians.
  • Located less than a mile from ASU and Downtown Tempe containing heavy retail, restaurants and bars.

 

DEMOGRAPHICS

  • Population: 14,914 (1 mile); 104,511 (3 miles); 342,105 (5 miles)
  • Average household income: $60,444 (1 mile); $59,106 (3 miles); $67,061 (5 miles)
  • Nearly 72,000 students at nearby Arizona State University (ASU)
  • Average daily traffic on W. 5th St nearly 5,000 vehicles per day.

Over 1 Acre | Tempe Redevelopment Opportunity

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