Description
Sought after location in the heart of Tempe. 6.4+/- CAP rate. Ideally situated just 1 mile from the ASU campus; near LRT; and close to the 202/101. Double corner lot that fronts three streets with high visibility & traffic count. Sale includes two lots that total 18,884 sf. The structure is 2925 sf, built in 1974. Currently used as an office complex. The rent is $7200/month or $86,400/annually N lease. Month-to-month lease terms offer complete flexibility. Zoned as CSS (Commercial Shopping & Services) in the TOD (Transit Overlay District). Many possibilities: owner/operator; restaurant-drive-thru viable; other retail; development; or flex. Please do not disturb current tenants. Sold as-is, where-is.
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0BEDS
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0.43ACRES
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0BATHS
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01/2 BATHS
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2,925SQFT
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$410$/SQFT
School Ratings & Info
Description
Sought after location in the heart of Tempe. 6.4+/- CAP rate. Ideally situated just 1 mile from the ASU campus; near LRT; and close to the 202/101. Double corner lot that fronts three streets with high visibility & traffic count. Sale includes two lots that total 18,884 sf. The structure is 2925 sf, built in 1974. Currently used as an office complex. The rent is $7200/month or $86,400/annually N lease. Month-to-month lease terms offer complete flexibility. Zoned as CSS (Commercial Shopping & Services) in the TOD (Transit Overlay District). Many possibilities: owner/operator; restaurant-drive-thru viable; other retail; development; or flex. Please do not disturb current tenants. Sold as-is, where-is.
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2023-10-01T07:22:18.163.