406 Southern AveTempe, AZ 85282

Property Details for 406 Southern Ave

Year built

1982

Construction

CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

1,546 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

133-28-467

APU

13328467

Description

This exceptional 1,546 square foot office space is ideally situated at 406 E Southern Ave in Tempe, Arizona, within Maricopa County. The property is a single-tenant building, perfect for a business seeking a dedicated and private workspace. Classified as both a traditional and medical office, this versatile space offers adaptability for various professional uses. Its prime location in South Tempe provides easy access to major transportation arteries, including the US-60 and I-10 freeways, ensuring convenient commutes for employees and clients throughout the Phoenix metropolitan area. The property benefits from its proximity to Arizona State University's main campus, a vibrant hub of activity with numerous retail options and restaurants. Further enhancing its appeal are nearby shopping centers such as Tempe Marketplace, Arizona Mills, and Chandler Shopping Center, offering a wide array of amenities and services. The location also enjoys proximity to popular tourist attractions, including Tempe Diablo Stadium and Sloan Park, drawing significant foot traffic during the spring season. This central location offers a compelling combination of accessibility, convenience, and a thriving surrounding community, making it an attractive opportunity for businesses seeking a well-positioned office space in Tempe. The property's zip code is 85282.

• CAP approach

  CAP return

  Valuation

  6%

  $264,010

  6.5%

  $243,702

  7%

  $226,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,316

  Geo Method

  $238,316

• Alternative Use

  Use

  Valuation

  Residential

  $302,190

  Hospitality

  $276,805

  Educational

  $230,298

  Medical

  $238,219

  Retail

  $358,242

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3936

Longitude

-111.934

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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