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    2929 48Th St Tempe, AZ 85282

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, flexible space available

    Lot size:
    27,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Tempe retail outparcel, located at the highly visible intersection of 48th Street and Alameda Drive, presents a unique investment opportunity. The property boasts a total of 27,945 square feet of space, currently entirely vacant and available for lease. The flexible layout allows for multiple tenancy options, with a minimum divisible space of 2,600 square feet and the potential to lease the entire 27,945 square feet contiguously. The property is zoned GID by the City of Tempe and situated in Maricopa County. This prime location benefits from exceptional accessibility, with easy access to Interstate 10, ensuring high visibility and convenient access for customers and employees. The surrounding area demonstrates strong economic activity, with over 256,461 employees within a 5-mile radius and over 1,200 hotel rooms within 3 miles, indicating a substantial and diverse customer base. This makes it an ideal location for a variety of retail businesses seeking high foot traffic and strong market presence. The property's size and flexibility offer significant potential for a single large tenant or multiple smaller businesses. This is a rare opportunity to secure a prominent retail space in a thriving Tempe location. Contact us today to learn more about this exceptional property and explore leasing options.

    Property Features for 2929 48Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,945 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    27,945 SF

    HighLights

    • Retail and land outparcel/pad opportunity totaling 27,945 square feet.
    • Multiple suites available, with a minimum divisible space of 2,600 square feet and up to 27,945 square feet contiguous.
    • Currently 100% vacant.
    • Zoned GID, City of Tempe, Maricopa County.
    • Excellent location with 256,461 employees within 5 miles, easy I‑10 access, and over 1,200 hotel rooms within 3 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Radio Rentals Equipment Rental Agency Air Comm Telecommunications Equipment Supplier SentraCam Security Guard Service Tru Filtered Air Air Filter Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.977495
    Latitude
    33.3968576

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, flexible space available
    Where is this individual retail property located?
    The property is located at 2929 48Th St Tempe, AZ.
    What are key features of this property?
    This property features: Retail and land outparcel/pad opportunity totaling 27,945 square feet.; Multiple suites available, with a minimum divisible space of 2,600 square feet and up to 27,945 square feet contiguous.; Currently 100% vacant.
    Request Owner's contact information
    2929 48Th St Tempe, AZ 85282
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    Tempe, AZ 85282
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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
    2929 48Th St Tempe, AZ 85282
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