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
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.
More Information MLS# 6201118
Contract Info
Ownership: Fee Simple
Current Price: $1,560,000
Sold Price: $1,560,000
Status: Closed
List Date: 2021-03-01
Location, Tax & Legal
Assessor's Map #: 63
Legal Description (Abbrev): S 190F OF S2 SE4 SW4 SE4 EX E 283F & E W 25F RD & EX S 40F RD & EX ANY PT LY WITHIN D/P 12927-934
Assessor's Parcel #: 11
Assessor Parcel Ltr: U
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318900
Taxes: 29188
Legal: S 190F OF S2 SE4 SW4 SE4 EX E 283F & E W 25F RD & EX S 40F RD & EX ANY PT LY WITHIN D/P 12927-934
Marketing Name: Tempe Plaza
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
County Code: Maricopa
Assessor Number: 124-63-011-U
Tax Year: 2020
General Property Description
Type of Property: Multi-Tenant Retail
Ttl Apx SqFt Bldg: 8153
# of Buildings: 3
Uncvrd Parking Spcs: 55
Flood Zone: No
Year Built: 1978
Zoning: CSS
Legal Info
Range: 4E
Section: 21
Township: 1N
Lot Number: -
Construction
Block: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 29188
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Fast Food: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 1500000
Total Owed: 0
Lockbox Type
Supra: 1
Ceiling Height
12.1 Feet to 14 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Private Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Free: 1
Private: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
1031 Exchange: 1
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Cash
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 Broadway and McKemy
Geo Lat: 33.407698
Geo Lon: -111.949328
Status Change Info
Off Market Date: 2021-03-12
Under Contract Date: 2021-03-16
Close of Escrow Date: 2021-06-25
Sold Price: $1,560,000
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
Last Updated: March - 13 - 2025
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