4325 S 48th Street, Tempe, AZ 85282

$950,000
Property Type: Comm/Industry Sale Square Footage: 9,674 Lot Size (sq. ft.): 39,857 Status: Closed
Current Price: $950,000 List Date: 1/07/2019 Last Modified: 1/06/2025

Overview

Description

Well maintained neighborhood center. 6% cap rate with more upside potential. Do not disturb tenants. Shown by appointment only to qualified investors. Rent roll, leases and financials available. Call lister for details

Listing Details MLS# 5745881

Location, Tax & Legal

Map Code/Grid
R36
House Number
4325
Compass
S
Street Name
48th
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Country
US
County Code
Maricopa
Assessor Number
123-27-354
Tax Year
2017

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Multi Tenant Retail
Ttl Apx SqFt Bldg
9674
Ttl Apx Net Rnt Spc
7
# of Buildings
Yes
Year Built
1988
Uncvrd Parking Spcs
49
Zoning
C2

Remarks Misc

Cross Street
48th Street / Vineyard
Directions
48th Street North of Baseline Road on NEC 48th St/Vineyard

Status Change Info

Off Market Date
2019-01-24
Under Contract Date
2019-01-23
Close of Escrow Date
2019-03-19

Legal Info

Lot Number
-

More Information

Income Expenses

Gross Annual Sch Inc
110498
Net Operating Income
67830

Contact Info

List Agent Home Phn
623-225-7650

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Building Type: Commercial Business Type: Mixed Stories: 1 Story Construction: Block Roofing: Built-Up Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air; Heat Pump Loading Facilities: None Interior Features: Finished Exterior: Corner Lot; Curb(s) & Gutter(s) Fencing: Block Parking Features: Paved Road Access Type: Dedicated Street Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; 1031 Exchange Special: Owner/Agent Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: Unknown Environmental: None
IDX
Listing Office: Pro Star Realty
Office Phone: 602-265-4600
Office Email: stevem@prostarrealty.com
Last Updated: January - 06 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.