1204 E Baseline Rd - Office FOR SALE


Tempe, AZ 85283- The Lakes
$2,950,000 USD
602-319-1326
1204 E Baseline Rd, Tempe, AZ for Sale
$2,950,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

1204 E Baseline Rd
Tempe, AZ 85283
The Lakes


HIGHLIGHTS

  • Potential for owner user with additional income
  • Sitting on a large (1.5 AC) corner parcel
  • Tempe General Plan-Mixed Use Potential
  • Centrally located within minutes from Hwy 60, I-10, and the Loop 101

OVERVIEW

Strategically positioned at the high-traffic northeast corner of Baseline & Lakeshore Drive, 1204 E Baseline offers a rare chance to own a premier garden office space in Tempe’s booming market. This property boasts exceptional real estate fundamentals and is surrounded by upscale development and a growing high-income demographic. With a strong income stream already in place, there is potential for owner-user buyers looking for additional rental income, or value-add investors looking to fill the vacancies and increase current rental rates. Additionally, the property offers significant redevelopment potential, as it is located within the mixed-use area designated in the City of Tempe General Plan.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

PCC-2, Tempe

APN/PARCEL ID

133-38-003E

ASK ABOUT THIS PROPERTY

Reuben NachROI Properties, LLCMore Info
602-319-1326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Reuben NachROI Properties, LLCMore Info
602-319-1326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.