780 W ELLIOT Road, Tempe, AZ 85284

$3,095,000
Property Type: Comm/Industry Sale Square Footage: 7,321 Lot Size (sq. ft.): 56,955 Status: Closed
Current Price: $3,095,000 List Date: 10/01/2022 Last Modified: 4/22/2025

Overview

Description

El Dorado Plaza features a strong, stabilized, internet resistant tenant mix including food, beverage and service tenants proven to be recession proof. A great mix of tenants include both national and regional tenants including Jimmy John's and Bonchon Chicken. Located in the prestigious Kyrene Corridor, South Tempe's premier industrial location and feet away from Tempe Commerce Park, a 37 acre logistics park Just west of the Arizona State University Research Park, which is home to 48 Corporate Offices Including GoDaddy, Amazon, U.S. Foods, etc. The property is surrounded by some of the wealthiest zip codes in metro Phoenix with over $104,000 Avg. Household Income. El Dorado Plaza offers unparalleled exposure, over 27,000 VPD. Attractive 4% assumable financing is available if needed.

Listing Details MLS# 6471713

Location, Tax & Legal

Map Code/Grid
S36
House Number
780
Compass
W
Street Name
ELLIOT
St Suffix
Road
City/Town Code
Tempe
State/Province
AZ
Zip Code
85284
Zip4
1210
Country
US
County Code
Maricopa
Subdivision
EL DORADO CROSSINGS
Assessor Number
301-90-010-B
Tax Year
2022

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Retail Strip Center
Ttl Apx SqFt Bldg
7321
# of Buildings
Yes
Year Built
2001
Uncvrd Parking Spcs
74
Zoning
PCC-1

Remarks Misc

Cross Street
Elliot and Kyrene

Status Change Info

Off Market Date
2022-12-13
Under Contract Date
2022-10-12
Close of Escrow Date
2022-12-12

Legal Info

Township
1S
Range
4E
Section
9
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
266413.08
Net Operating Income
177975.96

Sold Info

Loan Type
Conventional
Loan Years
25
Payment Type
Fixed
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Building Type: Commercial Business Type: Restaurant; Fast Food; Retail; Food Service Stories: 1 Story Construction: Block; Metal; Brick Roofing: Built-Up Floors: Concrete; Other Ceiling Height: 16.1 Feet to 28 Feet Heating: Other Cooling: Other Loading Facilities: Other (See Remarks) Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Private Restrooms; Public Restrooms; Other (See Remarks) Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign; Monument Sign Fencing: Block; Partial Parking Features: Free; Parking Lot; Private; Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; Other (See Remarks) Showing Notification Methods: Phone Call Source of Fincl Data: Owner Environmental: None
IDX
Listing Office: Cardon Commercial
Office Phone: 480-278-9007
Office Email: jack.cardon@yahoo.com
Last Updated: April - 22 - 2025
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