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
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

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 $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Other
Yes

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
Yes

Business Type

Fast Food
Yes
Retail
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
1500000
Total Owed
0

Lockbox Type

Supra
Yes

Ceiling Height

12.1 Feet to 14 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Private Restrooms
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Curb(s) & Gutter(s)
Yes
Building Sign
Yes
Sidewalk(s)
Yes
Security Light(s)
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

35,001 to 50,000
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Freeway/Highway

Up to 1 Mile
Yes

Sewer

Sewer - Public
Yes

Railroad

Other (See Remarks)
Yes

Parking Features

Free
Yes
Private
Yes
Paved
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

New Financing

1031 Exchange
Yes
Other (See Remarks)
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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
IDX
Listing Office: R & R Properties of Arizona, LLC
Last Updated: March - 13 - 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.