1301 Scottsdale RdTempe, AZ 85288

  • Retail properties
  • 1,575 SF
For Sale
$1,280,000 View listing

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
1301 Scottsdale Rd, Tempe, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,261
-
-
$69,397
-
$228,000
$192,587
$420,587

FAQs

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