Property summary
This exceptional investment opportunity presents two well-maintained office/retail buildings situated on a prominent 0.36-acre corner lot in South Tempe, Arizona. The property boasts 15,800 square feet of land and offers two convenient access points, ensuring optimal visibility and accessibility. Its strategic location, just half a mile north of US 60 and minutes from Arizona State University and Sky Harbor Airport, guarantees high traffic counts and a strong tenant pool. The buildings benefit from excellent visibility on Rural Road and feature ample private on-site parking for tenants and visitors. Both buildings have recently undergone significant improvements, including new tile roofs installed in 2017. Currently configured into three separate suites, each suite is equipped with its own HVAC system and private bathroom, providing tenants with maximum comfort and privacy. The property is master-metered for electricity, water, sewer, and trash, simplifying utility management. This property offers immediate income generation with no current vacancies. One tenant enjoys a long-term lease exceeding 25 years, while other leases expire in September 2025, February 2026, and September 2026. All tenants are established professional businesses. The seller is open to considering a carryback financing option, in addition to cash or conventional financing. This is a rare opportunity to acquire a stable, high-income-producing commercial property in a prime Tempe location.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CSS · Tempe, AZbalconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CSS in Tempe, AZ.
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