4325 S 48th Street, Tempe, AZ 85282

$1,900,000
Property Type: Comm/Industry Sale Square Footage: 9,657 Lot Size (sq. ft.): 39,857 Status: Closed
Current Price: $1,900,000 List Date: 5/12/2025 Last Modified: 5/16/2025

Overview

Description

The Vineyard Plaza at 4325 S 48th Street is a fully occupied strip center in the thriving Tempe submarket. Tenants are paying rents averaging 22% below market, presenting strong value-add potential and future rent growth. Offered well below replacement cost at a 7% in-place cap rate, this multi-tenant center is surrounded by new developments and offers easy access to the 60, 10, and 143 Highways.

Listing Details MLS# 6851451

Location, Tax & Legal

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
Subdivision
KNOELL GARDEN GROVES UNIT 3
Assessor Number
123-27-354
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Retail
Ttl Apx SqFt Bldg
9657
Ttl Apx Net Rnt Spc
1200
# of Buildings
Yes
Lot Size Dimensions
297.62 x 160.22 x 238.56 x 28.2 x 136.23
Year Built
1988
Zoning
CSS

Remarks Misc

Cross Street
S 48th St and E Southern Ave
Directions
Head east on your current road, turn right onto S 48th St, continue for 1 mile, then turn left onto S 48th Pl. The destination, 4325 S 48th Pl, will be on your left.

Status Change Info

Off Market Date
2025-05-12
Under Contract Date
2025-04-21
Close of Escrow Date
2025-05-16

Legal Info

Township
1N
Range
4E
Section
32
Lot Number
TRACT A

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

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

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: Mixed; Retail; Other Stories: 1 Story Construction: Block Roofing: Built-Up Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Finished to Suit Exterior: Corner Lot; Dual Street Ftg; Roof Sign; Building Sign Fencing: None Parking Features: Free Electric: SRP Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; Owner May Carry; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call; No Notification Required to Show Lockbox Type: None Source of Fincl Data: Owner; Other (See Remarks) Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear Road Surface Type: Gravel Environmental: None; Other (See Remarks)
IDX
Listing Office: R.O.I. Properties
Office Phone: 602-615-1908
Office Email: bethjozeitzer@roiproperties.com
Last Updated: May - 16 - 2025
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