1858 Southern AveTempe, AZ 85282

Property Details for 1858 Southern Ave

Year built

1978

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

1,990 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

133-34-822

APU

13334822

Description

This exceptional 5,500 square foot freestanding office building in Tempe, Arizona, presents a unique investment opportunity. Situated on a 0.481-acre lot (20,952 square feet), this single-story building is zoned [RO] Residential/Office, offering versatility for a range of businesses. Currently, 2,750 square feet of space is available for lease, providing immediate occupancy potential for a new tenant. The building's traditional office layout is easily adaptable to medical or creative office uses, making it suitable for diverse professional needs. Its prime location at 1858 E Southern Ave, Tempe, AZ 85282, offers excellent accessibility, with proximity to Loop 101 and US 60 ensuring convenient commutes for employees and clients. The property's APN is 133-34-822. This is an ideal opportunity to establish a presence in a thriving Tempe location, benefiting from the area's strong economic growth and convenient transportation links. The available space offers a chance to customize the interior to meet specific business requirements. The building's single-story design provides easy navigation and accessibility. Consider this versatile property for your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $343,260

  6.5%

  $316,855

  7%

  $294,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $306,758

  Geo Method

  $306,758

• Alternative Use

  Use

  Valuation

  Residential

  $392,901

  Hospitality

  $359,895

  Educational

  $299,428

  Medical

  $309,726

  Retail

  $465,777

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3933

Longitude

-111.906

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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