170 Ash Ave 4 Tempe, AZ 85281-2832
This exceptional 1,271 square foot freestanding office building presents a unique opportunity in the heart of Downtown Tempe. Situated at 170 S Ash Ave, near the intersection of Rio Salado Pkwy and Ash Ave, this property boasts a prime location steps away from a diverse array of restaurants and across from Tempe Town Lake. The building, constructed in 1990 and extensively renovated in 2020, offers a single-tenant occupancy in a turnkey condition. The space is currently vacant and ready for immediate occupancy. The property features spacious private offices, making it suitable for a variety of professional uses, including traditional office, executive office, creative office, medical office, or even coworking space. The building is a single-story structure, providing convenient and efficient access throughout. This is a rare opportunity to acquire a well-maintained, modern office building in a highly desirable Tempe location. The property's convenient access to major thoroughfares and its proximity to amenities make it an attractive option for businesses seeking a vibrant and accessible workspace. The address is 170 S Ash Ave, Tempe, AZ 85281. Please note that the current month-to-month tenant should not be disturbed.
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True Story Films Film Production Television Studio
The CC district fosters employment and livability in Tempe City Center, generally bounded by the Town Lake to the North, the railroad tracks to the West, University Drive to the South and rural road to the East, by providing retail, offices, moderate and high density residential uses, entertainment, civic uses, and cultural exchange in a mixed use environmen…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CC · Tempe, AZThe CC district fosters employment and livability in Tempe City Center, generally bounded by the Town Lake to the North, the railroad tracks to the West, University Drive to the South and rural road to the East, by providing retail, offices, moderate and high density residential uses, entertainment, civic uses, and cultural exchange in a mixed use environment that supports the public investment in transit and other public facilities and services. This district may also be considered mixed use when the design provides a mix of uses for the purposes of implementing the General Plan Land Use.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
