Prime Development Opportunity in Tempe - 914 S Farmer Ave. is being sold in conjunction with 915 S Wilson St. Two 10,000 sq ft lots, back-to-back, priced to move at $1,200,000. These sites present a rare chance to develop a significant project in a prime infill location. 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 very near Arizona State University, downtown Tempe, and major employment centers. 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.

Listing courtesy of Century 21 Arizona Foothills.



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Last checked: 2026-06-05 09:13 AM UTC