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    OFF-MARKET
    Medical Office Space

    170 Ash Ave 4, Tempe, AZ 85281-2832

    1,271 SF 0.03 ac lot Built 1910
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US07-2125275
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1910
    Construction CONCRETE
    Total area 1,271 SF
    Lot 0.03 ac (1,271 SF)
    Zoning code CC
    APN 132-29-979
    UPID US07-2125275
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • True Story Films Film Production Television Studio
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mill Properties LLC · 19 yrs held
    Mill Properties LLC
    since 2006
    3 recorded transactions
    2020
    2006
    1969
    Zoning & alternative use
    CC · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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