1721 Warner RdTempe, AZ 85284

Property Details for 1721 Warner Rd

Year built

1986

Construction

CONCRETE

Lot size

7.71 AC

Property size (Sq ft)

24,809 SF

Zone code

PCC-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

308-02-075

APU

30802075

Description

This exceptional Class A retail opportunity is located in the highly desirable Cobblestone Village shopping center at 1721 E Warner Rd, Tempe, AZ 85284, situated at the prominent intersection of Warner Rd & McClintock Dr. The property offers multiple tenancy options, with two spaces currently available, totaling 1,168 square feet to 3,770 square feet. This vibrant shopping center boasts a substantial 764 parking spaces, ensuring ample convenience for customers. The property is zoned PCC by the City of Tempe and is located in Maricopa County. The strategic location within this established shopping center provides excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's Class A designation reflects its high-quality construction and modern amenities. This is a rare opportunity to secure a prime retail space in a thriving Tempe location. The available space offers significant potential for growth and success in a bustling commercial area. Contact us today to learn more about this exceptional retail opportunity and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $4,607,890

  6.5%

  $4,253,440

  7%

  $3,949,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,977,280

  Geo Method

  $3,977,280

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,506,720

  Mixed-Use / Specialty

  $4,152,560

  Hospitality / Lodging

  $2,935,010

  Office

  $4,038,620

  Institutional / Educational

  $4,286,360

  Residential Income

  $5,015,040

  Multifamily

  $6,489,930

  Automotive / Energy

  $3,674,020

  Parking / Income-Based Land

  $1,352,540

  Restaurant / Food Service

  $1,976,860

  Healthcare / Senior Housing

  $4,346,270

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3335

Longitude

-111.913

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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