Property summary
This Tempe, Arizona industrial property, located at 3207 S Hardy Dr, 85282, presents a unique investment opportunity. The single-story, 11,940 square foot manufacturing warehouse sits on a 0.91-acre lot and boasts a 14-foot ceiling height. Built in 1979, the building features one loading dock and one dock-high door, ideal for efficient material handling. The property is zoned GID by the City of Tempe. The asking price is $3,700,000, translating to $309.88 per square foot. A key feature is the evaporative cooling system within the warehouse. The property also includes a concrete yard and truck aprons, enhancing functionality and accessibility. The current owner has demonstrated long-term occupancy and pride of ownership. A significant advantage is the potential to acquire an adjacent property at 815 W. Geneva Dr, adding an additional 25,133 square feet and 1.39 acres, for a combined total of 37,073 square feet on 2.3 acres. This expansion opportunity significantly increases the potential value and utility of the property. This is a rare chance to acquire a well-maintained manufacturing facility with expansion potential in a desirable Tempe location.
Property profile
VerifiedCap rate & NOI
Current use
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GID · Tempe, AZGeneral Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GID in Tempe, AZ.
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