A prime piece of land in Tempe, Arizona is now available for purchase. Greenstone Partners and ORION Investment Real Estate are currently marketing this newly entitled parcel located at 1734 E. Apache Blvd with an asking price of $8.5 million. The property spans across four combined parcels, totaling 83,849 square feet and was recently rezoned to MU-4 (Mixed-Use, High Density) TOD in May 2024.
The City of Tempe has already approved a comprehensive site plan for the property which includes plans for 275 residential units and approximately 5,000 square feet designated for commercial use. Along with the zoning map amendment, the Community Development Department has also completed a Planned Area Development Overlay that outlines specific standards such as density requirements, building height limitations,and parking ratios.The development plan review process has been thorough and includes detailed site plans,elevations,and landscape designs.
This highly sought-after development opportunity is now on the market through Connect CRE.
