201 Southern AveTempe, AZ 85282

  • Office properties
  • 6,434 SF
For Lease
$23/SF/YR View listing

Property Details for 201 Southern Ave

Year built
1973
Construction
CONCRETE
Lot size
2.03 AC
Property size (Sq ft)
6,434 SF
Zone code
CSS
Property type
Office properties
Property subtype
Office buildings
APN
133-40-012A
APU
13340012A

Description

The Center, located at 201 E Southern Ave, Tempe, AZ 85282, offers a unique blend of executive and creative office spaces. This Class C building, constructed in 1973, boasts a total of 20,000 square feet, with 1,350 square feet currently vacant. The available space comprises one unit totaling 850 square feet, perfect for a small business or expanding team. The building features exposed metal trusses and minimal glass office entries, creating an industrial-modern aesthetic. Ample parking is provided at a rate of 4.5 spaces per 1,000 square feet. The property is zoned C-2 and situated in Maricopa County, offering convenient access to the freeway system via the 60, just blocks away. Tenants enjoy the benefit of included electric utilities, while janitorial services are the responsibility of each tenant. The building's location provides easy access to various dining options, including Fate Brewing Company, conveniently located within walking distance. This is a multi-tenant building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,094,221
    6.5%
    $1,010,050
    7%
    $937,904
  • Comparable approach

    Method
    Valuation
    Relative Method
    $991,801
    Geo Method
    $991,801
  • Alternative Use

    Use
    Valuation
    Residential
    $1,252,462
    Hospitality
    $1,147,249
    Educational
    $954,498
    Medical
    $987,324
    Retail
    $1,484,774
201 Southern Ave, Tempe, Arizona

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.3924
Longitude
-111.936
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
$28,426
-
-
$408,128
-
$1,568,800
$904,700
$2,473,500

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