$700,000
$875,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
2,507 SqFt
SOLD DATE : 12/01/2022
Key Details
Sold Price $700,000
Property Type Single Family Home
Sub Type Single Family - Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,507 sqft
Price per Sqft $279
Subdivision Hughes Acres
MLS Listing ID 6468816
Sold Date 12/01/22
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1982
Annual Tax Amount $7,786
Tax Year 2022
Lot Size 0.371 Acres
Acres 0.37
Property Description
Rural Road and Broadway is a rare commercial/residential opportunity located in the heart of Arizona State University and Downtown Tempe. Located 0.75 miles south of the main ASU campus, this prime 0.4 acre property is zoned within the R-O district, which permits new development at the residential scale, or conversion of residential structures for use as professional commercial offices or other limited service uses. It also permits continuation of residential uses or reconversions to residential uses. Currently set up as a medical/dental service, plans are in process (not submitted) for a commercial/residential mixed use development. Located on the Northeast corner of E Loma Vista Drive and South Rural Road, clocking over 50,000 cars per day, this is one of the premier locations for new development opportunities. All plans, architectural drawings and designs will convey with the sale. By Appointment Only!
Location
State AZ
County Maricopa
Community Hughes Acres
Rooms
Basement Full
Den/Bedroom Plus 1
Separate Den/Office Y
Interior
Heating See Remarks
Cooling See Remarks
Fireplaces Number No Fireplace
Fireplaces Type None
Fireplace No
SPA None
Laundry None
Exterior
Exterior Feature Other
Parking Features Gated
Fence See Remarks, Other
Pool None
Amenities Available None
Roof Type See Remarks
Private Pool No
Building
Lot Description Desert Back, Desert Front
Story 1
Builder Name unkwn
Sewer Public Sewer
Water City Water
Structure Type Other
New Construction No
Schools
Elementary Schools Broadmor Elementary School
Middle Schools Tempe Academy Of International Studies Mckemy
High Schools Tempe High School
School District Tempe Union High School District
Others
HOA Fee Include No Fees
Senior Community No
Tax ID 133-42-001
Ownership Fee Simple
Acceptable Financing 1031 Exchange
Horse Property N
Listing Terms 1031 Exchange
Financing Cash
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