3233 48Th StTempe, AZ 85282

Property Details for 3233 48Th St

Year built

2010

Construction

CONCRETE

Lot size

0.39 AC

Property size (Sq ft)

1,428 SF

Zone code

PCC-1

Property type

Grocery and convenience stores

APN

123-28-130J

APU

12328130J

Description

This exceptional Tempe, Arizona commercial property presents a unique investment opportunity. Located at 3233 S 48th St, in the heart of Maricopa County, this expansive 17,163 square foot lot offers significant potential for retail development. The property is zoned for commercial use and boasts a total land area of 17,163 square feet, providing ample space for a variety of retail ventures. Currently, there is one existing retail building on the site, totaling 1,428 square feet, with a single suite. However, the significant vacant land presents a prime opportunity for expansion or new construction. The property's location in Tempe, AZ, 85282, offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. This multi-tenant property is currently available for lease, presenting a rare chance to acquire a substantial parcel of land in a thriving commercial area. The property's size and location make it suitable for a wide range of retail concepts, from small boutiques to larger-scale retail establishments. This is a remarkable opportunity to establish a strong presence in a dynamic and growing market. Contact us today to learn more about this exciting investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $326,643

  6.5%

  $301,517

  7%

  $279,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $554,718

  Geo Method

  $554,718

• Alternative Use

  Use

  Valuation

  Residential

  $254,341

  Hospitality

  $232,975

  Educational

  $193,832

  Medical

  $200,499

  Retail

  $301,517

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3936

Longitude

-111.978

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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