Courtesy of Century 21 Arizona Foothills
Prime Development Opportunity in Tempe – 914 S Farmer Ave. is being sold in conjunction with 915 S Wilson St. Seize these exceptional 10,000 sq ft lots in one of Tempe’s most sought-after and rapidly growing neighborhoods. Zoned R-3 for multi-family residential development, these parcels offer outstanding potential for investors and builders looking to capitalize on strong demand for housing near Arizona State University, downtown Tempe, and major employment centers. Priced to move at $1,200,000, these sites present a rare chance to develop a significant project in a prime infill location. Architectural plans are available for nine townhomes across the combined parcels. This is a true development play in a high-demand market, perfect for those seeking scale and strong returns in Tempe’s evolving urban core. Each lot has a home that is currently leased. These homes have been consistent income producers for many years.
This content last updated on June 3, 2026 5:11PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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