HUGE PRICE DROP FOR QUICK SALE. 501 East Broadway is a unique, bite-sized development opportunity in
the heart of Tempe, Arizona, minutes from the largest university in the
nation. The site is located on the major arterial, Broadway Road, and a
couple blocks from College Avenue which leads directly into the
Arizona State University campus. It is also a short walk / bike ride located
less than 3/4 of a mile away. Additionally the site is approximately one
mile to the nearest light rail station and minutes from the vibrant Mill
Avenue corridor. The location is as central is it gets and allows residents
to enjoy, with ease, so much of what Tempe has to offer: The ASU
campus, Tempe Marketplace, access to the 101 Freeway, and Tempe
Beach Park all just minutes away. This area of Tempe is not only popular because of the university but because it's also one of the most desirable areas in all of Arizona to live and work. The 501 East Broadway development opportunity consists of 0.71 acres of land zoned Residential-Office (R-O). Given its location along a major arterial, all off-site improvements are in place an all utilities are to the site. The location and zoning offers a number of options for an investor/
developer, with a small residential development or office complex
being good options. This site would be ideal for: A small residential
for-sale product, small rental community, office complex, or business location for an end-user. Tempe continues to be one of the most sought after submarkets for new multifamily-residential and mixed-use development due to its proximity to the largest university in the nation, its tremendous employment opportunities, and its convenient, centralized location in the heart of the metroplex. Significant employers in proximity to the property include Arizona State University, General Dynamics, U.S. Airways, Amazon, Microsoft, State Farm, and First Solar.