Tempe’s General Plan calls for residential densities up to 15 units per acre. The Sellers are willing to give time to entitle the property. The adjoining 1.5 acres is available per a separate owner for approximately $1.6 million and could be added to create a 5 acre site. Between State Farm Insurance, Northern Trust Bank, ASU, Wells Fargo Bank, Drive Time, Shutterfly, and others there will be up to 19,000 new jobs created in Tempe in the next 5 years. Tempe with a population of 161,000 is 98% built out and the majority of the few remaining parcels are zoned for business park, commercial or mid rise condo. Per MLS as of 12-15 there are 19 new homes available and remaining in the 3 active subdivisions in Tempe
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