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Property profile & analytics
FOR LEASE
Grocery and convenience stores

3233 S 48Th St Tempe, AZ 85282

1,428 SF 0.39 ac lot Built 2010
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-2657385
Property summary
AI-generated overview

This exceptional Tempe, Arizona commercial property presents a unique investment opportunity. Located at 3233 S 48th St, in the heart of Maricopa County, this expansive 17,163 square foot lot offers significant potential for retail development. The property is zoned for commercial use and boasts a total land area of 17,163 square feet, providing ample space for a variety of retail ventures. Currently, there is one existing retail building on the site, totaling 1,428 square feet, with a single suite. However, the significant vacant land presents a prime opportunity for expansion or new construction. The property's location in Tempe, AZ, 85282, offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. This multi-tenant property is currently available for lease, presenting a rare chance to acquire a substantial parcel of land in a thriving commercial area. The property's size and location make it suitable for a wide range of retail concepts, from small boutiques to larger-scale retail establishments. This is a remarkable opportunity to establish a strong presence in a dynamic and growing market. Contact us today to learn more about this exciting investment prospect.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2010
Construction CONCRETE
Total area 1,428 SF
Lot 0.39 ac (17,163 SF)
Zoning code PCC-1
APN 123-28-130J
UPID US07-2657385
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k
Owner & transaction history
Az01jc LLC · 2 yrs held
Az01jc LLC
since 2023
Last sale
$450,000
7 recorded transactions
2023
Price N/A
2008
$450,000
2006
$500,000
2006
$500,000
2003
$200,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject to a use permit for the purpose of revitalizing an existing commercial center.

Zone name Planned Commercial Center Neighborhood
General category COMMERCIAL
Zone area 595.35 ac
Source Realmo
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