722-790 W BROADWAY Road, Tempe, AZ 85282

$1,560,000

Property Type: Comm/Industry Sale Square Footage: 8,153 Lot Size (sq. ft.): 48,569 Status: Closed

Current Price: $1,560,000 List Date: 3/02/2021 Last Modified: 3/13/2025

Overview

Description

Great owner/user or investment/redevelopment opportunity in Tempe! Multi-Tenant Retail Building that sits on a 1.11 acre lot right on the corner of Broadway Rd & McKemy St. High traffic rate with excellent visibility. Situated in the heart of Tempe, within minutes to ASU Campus. Surrounded by a variety of businesses as well as residential housing. Easy Freeway Access to I10 and US 60. Built-out as 6 total units. All units (4) within 764 W. Broadway are currently vacant. Average rents are $9.00/sq. ft. + $5.00/sq. ft. for NNN.

Listing Details MLS# 6201118

Location, Tax & Legal

Map Code/Grid: R36
House Number: 722-790
Compass: W
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1219
Country: US
County Code: Maricopa
Assessor Number: 124-63-011-U
Tax Year: 2020

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Multi-Tenant Retail
Ttl Apx SqFt Bldg: 8153
# of Buildings: 3
Year Built: 1978
Uncvrd Parking Spcs: 55
Zoning: CSS
Flood Zone: No

Remarks Misc

Cross Street: NEC of Broadway and McKemy

Status Change Info

Off Market Date: 2021-03-12
Under Contract Date: 2021-03-16
Close of Escrow Date: 2021-06-25

Legal Info

Township: 1N
Range: 4E
Section: 21
Lot Number: -

More Information

Sold Info

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

Property Features

Building Type: Commercial Business Type: Fast Food; Retail Stories: 1 Story Construction: Block; Stucco Roofing: Built-Up Floors: Other Ceiling Height: 12.1 Feet to 14 Feet Cooling: Central Air Loading Facilities: None Interior Features: Private Restrooms Exterior: Corner Lot; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Security Light(s) Fencing: Block Parking Features: Free; Private; Paved Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public Railroad: Other (See Remarks) New Financing: 1031 Exchange; Other (See Remarks) Lockbox Type: Supra Source of Fincl Data: Owner Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: None

Listing Office: R & R Properties of Arizona, LLC

Office Phone: 602-653-0995

Office Email: bill@rrarizonarealestate.com

Last Updated: March - 13 - 2025