1215 Park LnTempe, AZ 85281

Property Details for 1215 Park Ln

Year built

1986

Construction

CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

18,056 SF

Zone code

GID

Property type

Office properties

Property subtype

Office buildings

APN

124-56-078

APU

12456078

Description

This exceptional Tempe property, located at 1215 S Park Ln, 85281, offers a unique blend of office and industrial space, ideal for a variety of businesses. The 3,240 square foot building features a multi-tenant configuration, currently offering 3,420 square feet of vacant space. The building boasts a high 15-foot ceiling height, providing ample vertical space for storage or specialized equipment. Parking is abundant, with a generous ratio of 2.3 spaces per 1,000 square feet. The property includes one convenient drive-in bay, simplifying loading and unloading operations. Power is supplied by a robust 200-volt, 200-amp, 3-phase system, suitable for demanding industrial applications. The property is zoned I-1, allowing for a range of industrial and commercial uses. Situated in Maricopa County, Arizona, this location offers unparalleled access to major transportation arteries, including I-10, SR-143, US-60, and Loop 202, ensuring seamless connectivity throughout the Phoenix metropolitan area. The durable masonry construction ensures longevity and low maintenance. Its proximity to Sky Harbor International Airport further enhances its strategic appeal. This is a rare opportunity to secure a well-located, versatile property in a thriving Tempe market. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,809,635

  6.5%

  $2,593,509

  7%

  $2,408,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,783,332

  Geo Method

  $2,783,332

• Alternative Use

  Use

  Valuation

  Residential

  $3,215,951

  Hospitality

  $2,945,794

  Educational

  $2,450,866

  Medical

  $2,535,155

  Retail

  $3,812,458

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4153

Longitude

-111.974

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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