2405 Southern Ave, Tempe, AZ 85282-7611
This 4,327 square foot medical office condominium, located in Building B of the Hudson Place Professional Condominiums at 2405 E Southern Ave, Tempe, AZ 85282 (APN 134-44-361A), presents a unique owner-user investment opportunity. The property, built in 1979 and currently undergoing renovations, is classified as a Class B multi-tenancy building with a general office buildout. It's zoned RO & PCC-1 and offers ample parking, with a ratio of 5.59 spaces per 1,000 square feet. Situated at the gateway to Mesa/Tempe, this location benefits from high visibility on Southern Avenue, near the Loop 101 Pima Freeway, experiencing nearly 33,000 cars daily. Its prime location offers superior proximity to Banner Desert Medical Center and Tempe St. Luke's, providing excellent access to major East Valley freeways. This landmark property, part of a 15-building complex, has a long history of successful medical and general office tenants. Now, for the first time, these buildings are being offered for sale as individual professional condominiums, allowing for ownership of a piece of history at the intersection of US 60 and the Loop 101. Pricing details are available upon request.
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John C. Hollebeek, EDD Physician Medical Clinic
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Life Enrichment Therapies Alternative Medicine Practice
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Cannon Donna J Physician
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Body and Breast Thermal Imaging - Tempe Thermography Medical Clinic
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Inner Health Occupational Safety And Health
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RO · Tempe, AZTempe. Always verify with local authorities before improvements.
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.