2435 Southern AveTempe, AZ 85282

Property Details for 2435 Southern Ave

Year built

1980

Construction

STEEL FRAME

Lot size

0.81 AC

Property size (Sq ft)

4,263 SF

Zone code

RO

Property type

Office buildings

APN

134-44-360

APU

13444360

Description

This exceptional 4,374 square foot medical office condominium, located within the prestigious Hudson Place Professional Condominiums at 2435 E Southern Ave, Building F, Tempe, AZ 85282, presents a unique owner-user opportunity. Recently converted, this Class B building boasts a general office buildout and is situated in a high-traffic area, benefiting from its proximity to major thoroughfares like the Loop 101 Pima Freeway and US 60. The property enjoys excellent visibility and accessibility, with nearly 33,000 cars passing daily. Its strategic location near Banner Desert Medical Center and Tempe St. Luke's Hospital further enhances its appeal to medical professionals. Constructed in 1980 and currently undergoing renovations, this multi-tenant building offers 5.59 parking spaces per 1,000 square feet. Zoned RO & PCC-1, this property is part of a 15-building complex that has served as a successful hub for general and medical offices for nearly 50 years. This is a rare chance to acquire a piece of Tempe's history and establish a thriving practice in a highly desirable location. Contact us for pricing details.

• CAP approach

  CAP return

  Valuation

  6%

  $1,246,946

  6.5%

  $1,151,027

  7%

  $1,068,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $883,328

  Geo Method

  $883,328

• Alternative Use

  Use

  Valuation

  Residential

  $1,427,274

  Hospitality

  $1,307,375

  Educational

  $1,087,721

  Medical

  $1,125,129

  Retail

  $1,692,010

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3925

Longitude

-111.887

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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