1301 Scottsdale RdTempe, AZ 85288

Property Details for 1301 Scottsdale Rd

Year built

1976

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

1,575 SF

Zone code

C-G

Property type

Retail space

APN

132-12-062

APU

13212062

Description

This exceptional owner-user opportunity presents a 2,950 square foot free-standing retail building situated on Scottsdale Road in Tempe, Arizona. Boasting excellent visibility and high traffic counts, this property offers significant potential for a variety of retail businesses. Built in 1976, the two-story building sits on a 6,912 square foot lot and is zoned CSS (Commercial Shopping & Services), allowing for a range of commercial uses. The property's strategic location provides easy access to major freeways, Loop 101 and Loop 202, and is conveniently located just north of Arizona State University, tapping into a large and diverse customer base. With over 327,000 residents within a 5-mile radius, this location ensures consistent foot traffic and strong market presence. The asking price is $1,280,000, and 2023 property taxes totaled $5,261. The property's Assessed Parcel Number (APN) is 132-12-062. This is a rare opportunity to acquire a well-located, established retail space in a thriving Tempe market. Don't miss this chance to own a piece of Tempe's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $416,711

  6.5%

  $384,657

  7%

  $357,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,096

  Geo Method

  $292,096

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $755,555

  Mixed-Use / Specialty

  $381,088

  Hospitality / Lodging

  $276,732

  Office

  $376,536

  Institutional / Educational

  $395,393

  Residential Income

  $462,610

  Multifamily

  $567,010

  Automotive / Energy

  $338,908

  Parking / Income-Based Land

  $119,124

  Restaurant / Food Service

  $193,518

  Healthcare / Senior Housing

  $393,052

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4431

Longitude

-111.926

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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