2330 University DrTempe, AZ 85281

Property Details for 2330 University Dr

Year built

1983

Construction

CONCRETE

Lot size

2.13 AC

Property size (Sq ft)

27,626 SF

Zone code

GID

Property type

Office buildings

APN

124-39-031

APU

12439031

Description

This exceptional Tempe property, located at 2330 W University Dr, offers 18,229 square feet of combined office and industrial space. Currently, 6,900 square feet is available for lease, ideal for a variety of businesses. The building, constructed in 1983, is zoned I-1 and situated in the Tempe Northwest Industrial submarket, conveniently located near the intersection of 48th St & University Dr in Maricopa County, Arizona (zip code 85281). The property features a robust 400-amp power supply, making it suitable for businesses with significant energy demands. The space is classified as multi-tenant, offering flexibility for businesses of varying sizes. The building's diverse zoning and ample square footage make it suitable for executive office space, manufacturing operations, and warehouse storage, providing a unique opportunity to combine these functions under one roof. This prime location in Tempe offers excellent access to major transportation routes and a thriving business community. The available 6,900 square feet presents a significant opportunity for a business seeking a versatile and well-equipped space in a desirable location. Inquire today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,298,791

  6.5%

  $3,968,115

  7%

  $3,684,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,258,548

  Geo Method

  $4,258,548

• Alternative Use

  Use

  Valuation

  Residential

  $4,920,462

  Hospitality

  $4,507,118

  Educational

  $3,749,869

  Medical

  $3,878,832

  Retail

  $5,833,129

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4224

Longitude

-111.974

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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