**DO NOT DISTURB CURRENT HOTEL OPERATIONS, MUST CONTACT BROKER TO TOUR PROPERTY** **Disclaimer:** This sale exclusively encompasses the land and the existing structures of the three motels. It does not involve the sale of the business operations related to these properties. The seller will not engage in any restoration or repairs, and the properties are offered “As-Is". Vestmont Properties is pleased to offer a qualified apartment developer/investor an excellent opportunity to enter the dynamic Tempe market and capitalize on one of the fastest-growing submarkets in the southwest. There are currently three (3) existing active motels onsite. The site can be cleared for multi-family to be built. Re-Zoning to an MU-4 TOD Pad Overlay would be required for the proposed use of a 4-story, surfaced parked, 102-unit apartment building. The owner has reached out to various consultants (Architects, Civil Engineers, Surveyors, General Contractors, Zoning Attorneys, etc.). To date, the Owner has compiled the following reports; Title Report, ALTA Survey, Yield Study, Site Plan, Unit-Mix, Elevations, Renderings, Market Feasibility Study, Zoning Timeline, Development Budget, and Proforma.