201 Southern AveTempe, AZ 85282

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,240,120

  6.5%

  $1,144,720

  7%

  $1,062,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $991,801

  Geo Method

  $991,801

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,365,810

  Retail / Commercial

  $1,191,230

  Mixed-Use / Specialty

  $1,169,690

  Hospitality / Lodging

  $835,645

  Institutional / Educational

  $1,209,820

  Residential Income

  $1,415,490

  Multifamily

  $1,793,540

  Automotive / Energy

  $1,036,990

  Parking / Income-Based Land

  $374,939

  Restaurant / Food Service

  $571,453

  Healthcare / Senior Housing

  $1,217,230

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

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