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
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.
More Information MLS# 6819777
Contract Info
Ownership: Fee Simple
Current Price: $2,325,000
Sold Price: $2,325,000
Status: Closed
List Date: 2025-02-12
Location, Tax & Legal
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
House Number: 1204
Compass: E
Street Name: BASELINE
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Zip4: 1454
County Code: Maricopa
Subdivision: LAKE COUNTRY ESTATES UNIT 1
Assessor Number: 133-38-003-E
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 20430
# of Buildings: 1
Uncvrd Parking Spcs: 38
Year Built: 1982
Zoning: C-C
Legal Info
Range: 4E
Section: 35
Township: 1N
Lot Number: 1
Construction
Block: 1
Other: 1
Roofing
Rolled: 1
Other: 1
Floors
Other: 1
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: 1
Office: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Professional/Office: 1
Other: 1
Stories
Other (See Remarks): 1
Pmt & Rate Info
Equity: 2950000
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8 Feet or Less: 1
8.1 Feet to 10 Feet: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Finished: 1
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Building Sign: 1
Monument Sign: 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
Other: 1
Water Source
City Franchise: 1
Other: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Structure: 1
Paved: 1
Other: 1
Electric
APS: 1
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
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.
Geo Lat: 33.378863
Geo Lon: -111.920002
Status Change Info
Off Market Date: 2025-05-19
Under Contract Date: 2025-05-15
Close of Escrow Date: 2025-07-18
Sold Price: $2,325,000
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)
Listing Office:
R.O.I. Properties
Last Updated: October - 09 - 2025
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