940 Baseline RdTempe, AZ 85283
- Retail properties
- 15,210 SF
Property Details for 940 Baseline Rd
- Year built
- 1978
- Construction
- CONCRETE
- Lot size
- 20.37 AC
- Property size (Sq ft)
- 15,210 SF
- Zone code
- PAD
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 133-38-496
- APU
- 13338496
Description
This exceptional 30,000 square foot retail space is ideally situated at 940 E Baseline Rd in Tempe, Arizona, within Maricopa County. The property is a single-tenant building, offering a significant opportunity for a business seeking a large, high-visibility location. The entire 30,000 square feet is currently vacant and available for lease, presenting a blank canvas for a prospective tenant to customize the space to their exact specifications. The property's address is easily accessible, boasting high traffic counts and excellent visibility along Baseline Road, a major thoroughfare in Tempe. This makes it an ideal location for businesses seeking maximum exposure to potential customers. The property type is classified as commercial retail, suitable for a wide range of retail uses. The zip code for this property is 85283. Given its size and location, this property represents a rare opportunity for a business seeking a substantial presence in the thriving Tempe market. Interested parties are encouraged to inquire for further details and leasing information. The property's geographic coordinates are latitude 33.3790649 and longitude -111.9260821.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,787,872
- 6.5%
- $3,496,498
- 7%
- $3,246,748
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,908,446
- Geo Method
- $5,908,446
-
Alternative Use
- Use
- Valuation
- Residential
- $2,949,427
- Hospitality
- $2,701,659
- Educational
- $2,247,748
- Medical
- $2,325,052
- Retail
- $3,496,498
Location Insight
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.3796
- Longitude
- -111.923
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].