Skip To Content

1986 E University Drive

Tempe, AZ 85281
  • $995,000
  • STATUS: Active
  • ON SITE: 39 days
  • MLS #: 6252774
UPDATED: 79 min ago
$995,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,278
    SQFT
  • $779
    $/SQFT
Type:
Commercial
Built:
1946
County:
Area:

School Ratings & Info

Description

Perfect infill location for mixed use development including multi-family units, restaurant, entertainment etc. Situated near Arizona StateUniversity's large Tempe campus amid dining and entertainment and less than a mile from the Loop 101. This approximately 1.5 acre site is in a highdemand rental area. The site holds a well-maintained 1,278 SF residence which includes an original adobe structure dating from the 1800's. Creative use of the special character of this unique property would make this a destination. Located in Qualified Opportunity Zone. 40,000 vehicles pass site daily.

Monthly Payment Calculator



© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than neXGen Real Estate. Data last updated 2021-07-28T22:12:42.17.
www.xgreal.com/homes/118488079
Print Image

1986 E University Drive Tempe, AZ 85281

  • Price: $995,000
  • Status: Active
  • Updated: 79 min ago
  • MLS #: 6252774
0
Beds
0
Baths
0
½ Baths
0.49
Acres
1,278
SQFT
$779
$/SQFT
1946
Built
County:
Maricopa
Area:
Tempe
Property Description
Perfect infill location for mixed use development including multi-family units, restaurant, entertainment etc. Situated near Arizona StateUniversity's large Tempe campus amid dining and entertainment and less than a mile from the Loop 101. This approximately 1.5 acre site is in a highdemand rental area. The site holds a well-maintained 1,278 SF residence which includes an original adobe structure dating from the 1800's. Creative use of the special character of this unique property would make this a destination. Located in Qualified Opportunity Zone. 40,000 vehicles pass site daily.
Exterior Features

Construction BlockStuccoOther (See Remarks)Frame - Wood Covered Parking Spaces 0.00 Fencing OtherSee Remarks Parking FencedPrivate ParkingFree Roads Dedicated StreetPrivate Street Roofing Other (See Remarks) Stories 1 Story Total Parking Spaces 10.00 Uncovered Parking Spaces 10.00

Interior Features

Ceiling Height 8 Feet Or Less Cooling Central A/C Flooring Ceramic Tile Heating OtherSee Remarks Interior Features Finished

Property Features

Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type Other (See Remarks) Cross Street University Drive & Smith Rd Current Use OtherSee Remarks Electric Srp Gas Other (See Remarks) Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number - Net Operating Income 0.00 Operating Exp 1286.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Other (See Remarks) Source Of Financial Data Other (See Remarks) Taxes 1286.00 Traffic Count 35001 To 50000 Vacancy Allowance 0.00 Water OtherSee Remarks Zoning Ag

Listing courtesy of Keller Williams Realty East Valley.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than neXGen Real Estate. Data last updated 2021-07-28T22:12:42.17.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6252774-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6252774-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6252774-2.jpg
Logo
neXGen Real Estate
3101 N Central Ave., Suite 154
Phoenix AZ, 85012