180 Ash AveTempe, AZ 85281

Property Details for 180 Ash Ave

Year built

1910

Construction

CONCRETE

Lot size

0.03 AC

Property size (Sq ft)

2,646 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

132-29-980

APU

13229980

Description

This exceptional 2,900 square foot executive office building, located at 180 S Ash Ave in Tempe, Arizona (zip code 85281), presents a unique investment opportunity. Originally constructed in 1910 and renovated in 1990, this two-story building sits on a 0.24-acre lot (APN 132-29-980) and is zoned for Pad, City of Tempe. The property boasts neo-classical architecture, showcasing rusticated concrete block construction, a testament to its rich history. Relocated in 1970 to its current location, this historically significant building offers a blend of classic charm and modern functionality. Its single-tenancy setup provides a private and prestigious workspace. The building's historical significance, combined with its prime Tempe location, makes it an ideal owner-user investment. The asking price is $1,300,000. This is a rare chance to own a piece of Tempe's history while enjoying the benefits of a modern, well-maintained commercial space. The property's unique character and prestigious address are sure to impress clients and visitors alike. Don't miss this opportunity to acquire a truly distinctive commercial property in a thriving Arizona market.

• CAP approach

  CAP return

  Valuation

  6%

  $524,884

  6.5%

  $484,508

  7%

  $449,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,881

  Geo Method

  $407,881

• Alternative Use

  Use

  Valuation

  Residential

  $600,791

  Hospitality

  $550,321

  Educational

  $457,861

  Medical

  $473,607

  Retail

  $712,228

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4287

Longitude

-111.943

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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