1930 3Rd StTempe, AZ 85281

Property Details for 1930 3Rd St

Year built

1987

Construction

CONCRETE

Lot size

2.22 AC

Property size (Sq ft)

33,099 SF

Zone code

GID

Property type

Flex space

APN

132-38-006H

APU

13238006H

Description

This exceptional manufacturing facility, located at 1930 E 3rd St, Tempe, AZ 85281, offers 1,872 square feet of immediately available space within the larger Third Street Commerce Center. The building's total area encompasses 35,360 square feet, indicating a well-established and sizable industrial complex. Situated in the Tempe East Industrial submarket of Maricopa County, this property benefits from convenient access to major thoroughfares, including University and McClintock streets. The I-2 zoning designation ensures flexibility for a variety of manufacturing operations. The space is part of a multi-tenant building, providing opportunities for networking and collaboration. This is an excellent opportunity for businesses seeking a functional and strategically located manufacturing space in a thriving Tempe area. The property is classified as industrial, with a manufacturing subtype, making it ideal for companies in the manufacturing sector. The address is easily accessible and well-situated within the Tempe East Industrial submarket. This listing presents a rare chance to secure a ready-to-occupy space in a well-established industrial center. Interested parties should act quickly to secure this prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $21,492,500

  6.5%

  $19,839,200

  7%

  $18,422,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,945,200

  Geo Method

  $10,945,200

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,183,800

  Mixed-Use / Specialty

  $10,155,600

  Hospitality / Lodging

  $7,461,440

  Office

  $10,103,800

  Institutional / Educational

  $10,560,700

  Residential Income

  $12,356,000

  Multifamily

  $14,774,000

  Automotive / Energy

  $9,051,990

  Parking / Income-Based Land

  $3,115,700

  Restaurant / Food Service

  $5,299,370

  Healthcare / Senior Housing

  $10,406,100

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.428

Longitude

-111.904

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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