2405 Southern AveTempe, AZ 85282
- Office properties
- 4,480 SF
Property Details for 2405 Southern Ave
- Year built
- 1979
- Construction
- STEEL FRAME
- Lot size
- 0.91 AC
- Property size (Sq ft)
- 4,480 SF
- Zone code
- RO
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 134-44-358
- APU
- 13444358
Description
This 4,327 square foot medical office condominium, located in Building B of the Hudson Place Professional Condominiums at 2405 E Southern Ave, Tempe, AZ 85282 (APN 134-44-361A), presents a unique owner-user investment opportunity. The property, built in 1979 and currently undergoing renovations, is classified as a Class B multi-tenancy building with a general office buildout. It's zoned RO & PCC-1 and offers ample parking, with a ratio of 5.59 spaces per 1,000 square feet. Situated at the gateway to Mesa/Tempe, this location benefits from high visibility on Southern Avenue, near the Loop 101 Pima Freeway, experiencing nearly 33,000 cars daily. Its prime location offers superior proximity to Banner Desert Medical Center and Tempe St. Luke's, providing excellent access to major East Valley freeways. This landmark property, part of a 15-building complex, has a long history of successful medical and general office tenants. Now, for the first time, these buildings are being offered for sale as individual professional condominiums, allowing for ownership of a piece of history at the intersection of US 60 and the Loop 101. Pricing details are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,310,403
- 6.5%
- $1,209,602
- 7%
- $1,123,202
-
Comparable approach
- Method
- Valuation
- Relative Method
- $928,279
- Geo Method
- $928,279
-
Alternative Use
- Use
- Valuation
- Residential
- $1,499,907
- Hospitality
- $1,373,907
- Educational
- $1,143,074
- Medical
- $1,182,386
- Retail
- $1,778,116
Location Insight
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.3924
- Longitude
- -111.887
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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