2034 Southern AveTempe, AZ 85282

Property Details for 2034 Southern Ave

Year built

1973

Construction

CONCRETE

Lot size

2.41 AC

Property size (Sq ft)

5,968 SF

Zone code

RO

Property type

Healthcare properties

Property subtype

Medical offices

APN

133-47-002F

APU

13347002F

Description

This exceptional medical office building, located at 2034 E Southern Ave in Tempe, Arizona, offers a variety of lease options. The Southern Avenue Center boasts a total of 24,020 square feet, situated on a 2.41-acre lot. Multiple tenancy is available, with spaces ranging from a minimum of 1,045 square feet to a maximum contiguous space of 1,938 square feet. Currently, 2,983 square feet are vacant and ready for immediate occupancy. The building is zoned R-O and is conveniently located within the Tempe submarket of Maricopa County. Ample parking is provided, with a ratio of 4.5 spaces per 1,000 square feet. This property presents a fantastic opportunity for medical professionals seeking modern, efficient, and well-located office space in a thriving Arizona community. The zip code is 85282. This is an ideal location for establishing or expanding a medical practice. Inquire today to learn more about leasing opportunities and secure your space in this desirable Tempe medical office building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,028,257

  6.5%

  $949,160

  7%

  $881,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $919,967

  Geo Method

  $919,967

• Alternative Use

  Use

  Valuation

  Residential

  $1,176,958

  Hospitality

  $1,078,088

  Educational

  $896,956

  Medical

  $927,804

  Retail

  $1,395,265

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3938

Longitude

-111.899

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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