1301 Scottsdale RdTempe, AZ 85288
- Retail properties
- 1,575 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $529,088
- 6.5%
- $488,389
- 7%
- $453,504
-
Comparable approach
- Method
- Valuation
- Relative Method
- $707,772
- Geo Method
- $707,772
-
Alternative Use
- Use
- Valuation
- Residential
- $411,974
- Hospitality
- $377,366
- Educational
- $313,964
- Medical
- $324,762
- Retail
- $488,389
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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