Tempe Infill IOS Investment
1815 E 3rd St, Tempe, AZ 85288
1.32-acre property in Tempe with redevelopment potential.
Type:Industrial, Land
Property size:
1,956 SFLot size:
1.32 AcresPrice / SF:
$1,482/SF- Added:
- Feb 16, 2026
- Days on Market:
- 84
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1815 E 3rd St
General Information
- Standard status
- Active
- Size
- 1,956 SF
- Lot size
- 1.32 Acres
- Property subtype
- Industrial, Land
Listing agent Max Schumacher, SIOR License #SA678600000
Listing office Rein & Grossoehme Commercial Real Estate
Listing date Feb 16, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Rein & Grossoehme Commercial Real Estate
HighLights
- Prime infill location in Tempe, adjacent to Arizona State University, with high demand.
- Significant redevelopment potential due to surrounding multifamily and mixed‑use development.
- In‑place cash flow with a fully leased property generating $179,965 Year 1 NOI and a 6.21% cap rate.
- NNN lease to Collision Xperts provides stable, growing income with 3.5% annual increases.
- Immediate access to Loop 101 and 202 freeways, connecting to the entire Valley.
- Fully fenced and secured ±1.32‑acre site with existing improvements.
Overview
This approximately 1.32-acre infill investment property is located in Tempe, adjacent to Arizona State University. The site is surrounded by ongoing multifamily and mixed-use development. It is currently fully leased to Collision Xperts under a single-tenant NNN lease, expiring in December 2028. The current rate is $14,997.15 per month, with 3.5% annual increases. The asset generates $179,965 in Year 1 NOI and is offered at a 6.21% cap rate. Improvements include an approximately 1,056 square foot office, an approximately 900 square foot canopy structure, and a fully asphalt-paved and reinforced concrete yard. The site is fully fenced and secured, with immediate access to Loop 101 and 202, connecting to the entire Valley freeway network. The property offers in-place cash flow with significant redevelopment upside in one of Metro Phoenix's most supply-constrained and land-scarce submarkets.
Location Intelligence
Current Use by Public Records
Auto shops
Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.9081696
- Latitude
- 33.4269173
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial land - 1.32-acre property in Tempe with redevelopment potential.
Where is this industrial land located?
The property is located at 1815 E 3rd St Tempe, AZ.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime infill location in Tempe, adjacent to Arizona State University, with high demand.; Significant redevelopment potential due to surrounding multifamily and mixed‑use development.; In‑place cash flow with a fully leased property generating $179,965 Year 1 NOI and a 6.21% cap rate.
