1232 Baseline RdTempe, AZ 85283

Property Details for 1232 Baseline Rd

Year built

1987

Construction

CONCRETE

Lot size

1.41 AC

Property size (Sq ft)

19,120 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Banks

APN

133-38-003G

APU

13338003G

Description

This exceptional 1.41-acre industrial property, located at 1232 E BASELINE Road Unit 1B-2A, Tempe, AZ, is offered at $4,300,000. The property features off-highway parking for convenient access and a nearby bus stop at the east entrance. The main entrance is situated at the rear of the building, with additional side personnel doors allowing for limited loading and unloading. The property has recently undergone a complete remodel and is currently being prepared for new occupancy following the previous tenant's departure on April 15th. Exterior painting is also currently in progress. This property presents a unique opportunity for businesses seeking a well-maintained, conveniently located industrial space in the thriving Tempe market. The ample acreage provides significant potential for expansion or future development. The combination of recent renovations, convenient access, and prime location makes this an attractive investment opportunity. The property's size and features make it suitable for a variety of industrial uses. The seller is a licensed real estate agent.

• CAP approach

  CAP return

  Valuation

  6%

  $4,769,170

  6.5%

  $4,402,311

  7%

  $4,087,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,427,317

  Geo Method

  $7,427,317

• Alternative Use

  Use

  Valuation

  Residential

  $3,713,514

  Hospitality

  $3,401,559

  Educational

  $2,830,057

  Medical

  $2,927,387

  Retail

  $4,402,311

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3789

Longitude

-111.919

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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