4611 Lakeshore Dr Tempe, AZ 85282-7127
This exceptional 34,311 square foot commercial land parcel is situated at 4611 S Lakeshore Drive in Tempe, Arizona, with a Maricopa County APN of 133-38-005G. Zoned PCC-2 City of Tempe, this property boasts a highly desirable location just off the US 60 and Rural Road intersection. Its strategic placement places it southwest of Downtown Tempe and its vibrant Mill Avenue Entertainment District, a thriving hub of commercial activity, residential high-rises, parks, event venues, and recreational amenities within a walkable environment. The property benefits significantly from its proximity to Tempe Town Lake, a major economic driver attracting over 2.4 million visitors annually and generating nearly $2 billion in economic impact since 1999. This presents a unique investment opportunity in a dynamic and rapidly growing area of metro Phoenix. The property's size and location make it suitable for a variety of commercial developments, capitalizing on the area's strong economic performance and high volume of foot traffic. The 85282 zip code further underscores the desirability and potential of this exceptional land offering.
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ASU Nightclub DJ & Entertainment
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
C-C · Tempe, AZCosts & 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.