1705 Broadway RdTempe, AZ 85282

Property Details for 1705 Broadway Rd

Year built

1975

Construction

CONCRETE

Lot size

0.87 AC

Property size (Sq ft)

4,976 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

133-31-001P

APU

13331001P

Description

This exceptional 4,976 square foot restaurant space is ideally situated at 1705 E Broadway Rd in Tempe, Arizona, within Maricopa County (zip code 85282). The property is a single-tenant retail space, currently vacant and ready for immediate occupancy. Its prime location offers unparalleled visibility and accessibility, benefiting from the high foot traffic and strong market presence of Tempe. The area boasts a vibrant mix of retail and dining establishments, attracting both local residents and tourists. Nearby landmarks include Arizona State University, Sun Devil Stadium, and Tempe Beach Park, contributing to the area's dynamic atmosphere and consistent visitor traffic. The fully fixturized interior provides a significant advantage for prospective tenants, minimizing initial setup costs and allowing for a quicker launch. This presents a unique opportunity for a restaurant or similar retail business to establish a strong presence in a thriving Tempe market. The property's size and location make it an attractive option for a variety of concepts. The property is easily accessible and benefits from excellent visibility. This is a rare opportunity to secure a fully equipped restaurant space in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,275,793

  6.5%

  $1,177,655

  7%

  $1,093,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,932,967

  Geo Method

  $1,932,967

• Alternative Use

  Use

  Valuation

  Residential

  $993,396

  Hospitality

  $909,945

  Educational

  $757,064

  Medical

  $783,100

  Retail

  $1,177,655

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4071

Longitude

-111.912

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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