Southeast Corner of Rio Salado Parkway | Tempe, AZ 85281
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Southeast Corner of Rio Salado Parkway
Tempe, AZ 85281
Novus Innovation Corridor Dev Site by ASU · Land For Sale
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6.49 AC
INVESTMENT HIGHLIGHTS
- Prime 6.49 AC development site situated adjacent to Arizona State University near downtown Tempe, Arizona.
- Conveniently located less than 5 minutes from downtown Tempe with an incredible midway point position between Phoenix and Mesa.
- Close proximity to the highly trafficked Red Mountain Freeway (Route 202) and Arizona State Route 101, making the property easily accessible.
- Flexible mixed-use educational zoning will permit a new owner to choose from a range of development options including hotels, multifamily, & retail.
- Strong 3-mile demographic that features over 134,000 residents, 66% of which rent for housing, with a solid average household income above $73,000.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 6.49 AC |
| Property Subtype | Commercial | Cross Streets | Rural Road |
| Proposed Use | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 6.49 AC |
| Cross Streets | Rural Road |
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