Tempe Infill Lot Close to ASU
351 South Wilson Street
Tempe, AZ 85281
Highlights
- Less than a half mile from ASU
- Adjacent to new developments
- Very strong rental market
- Easy access to Loop 202
- Entertainment, dining and shopping close by
Description
Over 1/3 of an acre lot surrounded by multi-family - a perfect place to redevelop and benefit from the strong rental demand in the heart of Tempe. Current structure can be razed. Recent major capital investment projects in close proximity include luxury apartments and Class A office space. Those familiar with the market know these infill lots are very rare, a savvy buyer will not hesitate to jump on this. A few blocks from the plentiful amenities along Tempe Town Lake and Mill Avenue, various large employers including ASU and easy access to freeways make this location ideal for your next project. Grandfathered irrigation rights. Property has been in the family for 70+ years and structures are 1950's era, PLEASE DO NOT ENTER STRUCTURES.
Located on the east side of Wilson Street just west of Farmer Avenue, take either 1st Street or 5th Street to access. The City of Tempe is home to Arizona State University's main campus - one of the largest public universities in the country. The Phoenix metro area is experiencing unprecedented growth which is expected to continue for the foreseeable future.
