Homes for sale - 4325 S 48th Street, Tempe, AZ 85282

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$1,950,000

Est. payment - /mo

0.91 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Knoell Garden Groves Unit 3

MLS Listing ID 6851451

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1988

Annual Tax Amount $21,370

Tax Year 2023

Lot Size 0.915 Acres

Acres 0.92

Lot Dimensions 297.62 x 160.22 x 238.56 x 28.2 x 136.23

Property 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.

Location

State AZ

County Maricopa

Community Knoell Garden Groves Unit 3

Zoning CSS

Direction 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.

Interior

Heating Electric

Cooling Central Air

Flooring Concrete

Exterior

Parking Features Free

Fence None

Roof Type Built-Up

Total Parking Spaces 49

Building

Dwelling Type Other (See Remarks),Commercial

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 123-27-354

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Listed by R.O.I. Properties

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

4325 S 48th Street Tempe, AZ 85282