1950 Southern AveTempe, AZ 85282

Property Details for 1950 Southern Ave

Year built

1986

Construction

CONCRETE

Lot size

2.29 AC

Property size (Sq ft)

11,284 SF

Zone code

CSS

Property type

Office properties

Property subtype

Office buildings

APN

133-34-827A

APU

13334827A

Description

This exceptional 1,462 square foot medical office suite is immediately available for lease in Tempe, Arizona. Located at 1950 E Southern Ave, 85282, this single-tenant space is situated within a desirable 22,229 square foot building offering convenient drive-up access. The property's strategic location provides unparalleled proximity to two major hospital campuses, ensuring high visibility and accessibility for medical professionals and patients alike. The suite is ideal for a variety of medical practices seeking a modern and functional workspace. The building itself boasts a contemporary design and is well-maintained, reflecting a commitment to providing a professional and comfortable environment. This is a rare opportunity to secure a prime medical office space in a thriving Tempe location with excellent access and visibility. The suite's 1,462 square feet offers ample room for patient care, administrative functions, and support staff. Interested parties are encouraged to inquire promptly to schedule a viewing and secure this exceptional opportunity. The property is classified as both a medical and traditional office space, offering flexibility for various uses. Its single-tenant occupancy ensures a private and controlled environment. Don't miss this chance to establish your practice in a highly sought-after Tempe location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,944,908

  6.5%

  $1,795,300

  7%

  $1,667,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,739,429

  Geo Method

  $1,739,429

• Alternative Use

  Use

  Valuation

  Residential

  $2,226,172

  Hospitality

  $2,039,162

  Educational

  $1,696,558

  Medical

  $1,754,906

  Retail

  $2,639,091

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3935

Longitude

-111.901

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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