1204 E BASELINE Road, Tempe, AZ 85283

$2,325,000
Property Type: Comm/Industry Sale Square Footage: 20,430 Lot Size (sq. ft.): 63,359 Status: Closed
Current Price: $2,325,000 List Date: 2/13/2025 Last Modified: 10/09/2025

Overview

Description

Strategically positioned at the high-traffic northeast corner of Baseline & Lakeshore Drive, 1204 E Baseline offers a rare chance to own a premier garden office space in Tempe's booming market. This property boasts exceptional real estate fundamentals and is surrounded by upscale development and a growing high-income demographic. With a strong income stream already in place, there is potential for owner-user buyers looking for additional rental income, or value-add investors looking to fill the vacancies and increase current rental rates. Additionally, the property offers significant redevelopment potential, as it is located within the mixed-use area designated in the City of Tempe General Plan.

Listing Details MLS# 6819777

Location, Tax & Legal

House Number
1204
Compass
E
Street Name
BASELINE
St Suffix
Road
City/Town Code
Tempe
State/Province
AZ
Zip Code
85283
Zip4
1454
Country
US
County Code
Maricopa
Subdivision
LAKE COUNTRY ESTATES UNIT 1
Assessor Number
133-38-003-E
Tax Year
2024
Assessor's Map #
38
Legal Description (Abbrev)
LAKE COUNTRY ESTATES UNIT 1 MCR 132-29 TRACT A EX E 517.84F AS MEAS ALG S LN TRACT A & EX NLY 15F
Assessor's Parcel #
3
Assessor Parcel Ltr
E
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319401
Taxes
31388
Legal
LAKE COUNTRY ESTATES UNIT 1 MCR 132-29 TRACT A EX E 517.84F AS MEAS ALG S LN TRACT A & EX NLY 15F

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
20430
# of Buildings
Yes
Year Built
1982
Uncvrd Parking Spcs
38
Zoning
C-C

Remarks Misc

Cross Street
NEC of E Baseline Rd & S Lakeshore Dr
Directions
From Hwy 60, head South on Rural, then take your first Left (Heading East) on S Lakeshore Dr., Property is located on the Corner of S Lakeshore Dr., and E Baseline Rd.

Status Change Info

Off Market Date
2025-05-19
Under Contract Date
2025-05-15
Close of Escrow Date
2025-07-18

Legal Info

Township
1N
Range
4E
Section
35
Lot Number
Yes

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

Sold Info

Loan Type
Other
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes
Other
Yes

Roofing

Rolled
Yes
Other
Yes

Floors

Other
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
31388
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes
Other (See Remarks)
Yes

Business Type

Mixed
Yes
Professional/Office
Yes
Other
Yes

Stories

Other (See Remarks)
Yes

Pmt & Rate Info

Equity
2950000
Total Owed
0

Lockbox Type

None
Yes

Ceiling Height

8 Feet or Less
Yes
8.1 Feet to 10 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Finished
Yes
Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Exterior

Corner Lot
Yes
Dual Street Ftg
Yes
Building Sign
Yes
Monument Sign
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes

Water Source

City Franchise
Yes
Other
Yes

Freeway/Highway

Up to 1 Mile
Yes

Sewer

Sewer - Public
Yes

Parking Features

Parking Structure
Yes
Paved
Yes
Other
Yes

Electric

APS
Yes
Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Property Features

Building Type: Commercial; Office; Other (See Remarks) Business Type: Mixed; Professional/Office; Other Stories: Other (See Remarks) Construction: Block; Other Roofing: Rolled; Other Floors: Other Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Finished; Other (See Remarks) Exterior: Corner Lot; Dual Street Ftg; Building Sign; Monument Sign Fencing: Other Parking Features: Parking Structure; Paved; Other Electric: APS; Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise; Other Sewer: Sewer - Public New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: R.O.I. Properties
Last Updated: October - 09 - 2025
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