Investment Overview

Marcus & Millichap is pleased to present for sale +/- .933 acre infill site at the NEC of the Loop 101 Freeway and E. Apache Boulevard, Tempe, Arizona. The site is conveniently located on the Valley Metro light rail line with a transit stop +/- 500 feet to the east of the property. This property is conveniently located off the Loop 101 and minutes from the Loop 202 & Route 60 freeways and ASU Campus. The site offers convenient access to Phoenix Sky Harbor International, Chicago Cubs Spring Training Facility, Mill Avenue, Old Town Scottsdale, Downtown Phoenix, Downtown Tempe and Mesa Riverview area. The area around the subject property is a mix of retail, restaurants, shops, multifamily and single family homes. Currently, the property is zoned a mix of Commercial Shopping and Service (CSS) & Single-Family Residential (R1-6) by the City of Tempe. The City of Tempe’s voter approved 2050 General Plan designates site as Mixed-Use High Density, which permits up to 65 dwelling units/acre. The site is within a federally designated Difficult to Develop (DDA) and Qualified Census Tract (QCT). The property is located within the City of Tempe’s Transit Oriented District (TOD) and must conform to the district's requirements. The property is rectangular shaped with +/- 130 feet of frontage on E. McArthur Drive on the north side of the property and +/- 315 feet deep with level topography. All utilities to be verified by the buyer during due diligence period.