2640 Medtronic WayTempe, AZ 85281

Property Details for 2640 Medtronic Way

Year built

1980

Construction

CONCRETE

Lot size

1.36 AC

Property size (Sq ft)

20,934 SF

Zone code

GID

Property type

Industrial properties

Property subtype

Other warehouses

APN

124-56-039A

APU

12456039A

Description

This exceptional 21,000+ square foot industrial flex space in Tempe, Arizona, presents a compelling investment opportunity. Situated on a 1.36-acre lot, the property boasts a prime location less than one mile from the I-10 and 143 freeways, two miles from the 202 freeway and Sky Harbor Airport, and just three miles from Arizona State University. Its convenient access to major transportation arteries ensures seamless logistics and distribution. The building features two 12-foot overhead doors, two 400-amp electrical panels, and a clean room, catering to diverse operational needs. With 53 parking spaces, including nine covered spaces, ample parking is readily available. The current layout is adaptable for single-owner occupancy or multi-tenant use, offering flexibility for various business models. The property benefits from excellent highway visibility and includes an existing monument sign. The building is fully air-conditioned, providing a comfortable and efficient work environment. Potential uses include production, distribution, manufacturing, laboratory, and office space. This property represents a rare opportunity to acquire a well-located, versatile industrial asset in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,728,552

  Hospitality

  $3,415,333

  Educational

  $2,841,517

  Medical

  $2,939,241

  Retail

  $4,420,138

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4179

Longitude

-111.977

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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