554 W Rio Salado Parkway

This expansive lot is zoned Multi‑Family (MF), currently, offering incredible flexibility for your future. The existing home needs a full renovation with the potential, to add additional units in the back in the future redevelop. Located in a close knit family oriented community, the property is within walking distance to Elementary, Junior High and High Schools. Listing agent can provide general contractor information to assist with remodel completion. There is only $100K allowance included in this price! At this stage Buyer can be involved in selection items/upgrades. A renewed permit is necessary as owner has demolition permit in process, that would need revoked, if Buyer wants to remodel and live in the home. The home may need additional funds according to Buyer's upgrades. SEE The $100k is an estimate only, BEWARE! This is an entire remodel, to become FHA approved for finance. The current structure is being sold as-is, with the value primarily in the land and the current condition of the home needs a full remodel!! Ideal for builders, investors, or buyers looking to renovate or redevelop. Buyer to perform all due diligence regarding zoning, permits, and future use. Please reach out to discuss. A rare chance to restore or reimagine this home on this desirable lot. This project is offering a blank canvas for customization, expansion, or redevelopment. Perfect for buyers seeking a project in a sought-after location. Seller makes no representations regarding condition of the structure. Utilities, systems, and appliances have not been tested. Buyer responsible for verifying all development possibilities. Location Highlights: "Centrally situated near Mesa Riverview and Tempe Marketplace "Only 5 miles to ASU campus. "Easy access to Loop 101 and Loop 202 freeways "Just down the street from the Chicago Cubs Spring Training Stadium "Surrounded by shopping, dining, and entertainment options Whether you choose to renovate, redevelop, or pursue the four plex plans, townhome lots, this property offers exceptional potential in a thriving area. A rare opportunity to capitalize on Mesa's growth with multiple exit strategies available!