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    825 48Th St Tempe, AZ 85281

    Sponsored
    For Sale
    Contact for pricing

    Prime Tempe location, vacant restaurant, high visibility

    Property size:
    9,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,276-square-foot vacant restaurant building presents a unique investment opportunity in Tempe, Arizona. Previously occupied by Denny's, the property boasts a highly visible location at the southeast corner of the SR-143 and University Drive interchange, benefiting from over 60,000 vehicles passing daily. Situated on a 1.7-acre lot (APN 124-56-050A), this property is zoned GID (General Industrial), offering flexibility for a variety of uses, including retail and industrial. Its strategic location within the Phoenix Metro freeway system provides unparalleled access to major transportation arteries, including I-10 (less than one mile south), SR-60 (two miles south), and Loop 202 (one mile north). The property's proximity to Sky Harbor International Airport, Downtown Tempe, and Arizona State University's campus (all within two miles) and Downtown Phoenix (within five miles) further enhances its appeal. The high demand in this dense submarket, with approximately 340,000 daytime employees within a five-mile radius, makes this a compelling opportunity for lease, ground lease, or build-to-suit development. This property offers significant potential for investors seeking a high-visibility location in a thriving area.

    Property Features for 825 48Th St

    General Information

    Property type
    Restaurants
    Square Feet
    9,276 SF
    Lot Size
    74,052 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Sas Restaurant Ventures, ... Restaurant The Burger Den Delivery Restaurant The Meltdown Delivery Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Hair Salon Nail Salon Wholesale Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.97656409857
    Latitude
    33.421168911528

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    FAQs

    What type of property is this?
    Restaurant - Prime Tempe location, vacant restaurant, high visibility
    Where is this restaurant located?
    The property is located at 825 48Th St Tempe, AZ.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    825 48Th St Tempe, AZ 85281
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