4325 S 48th Street, Tempe, AZ 85282
New Listing
$1,950,000
Property Type:
Comm/Industry Sale
Square Footage:
9,657
Lot Size (sq. ft.):
39,857
Status:
Pending
Current Price:
$1,950,000
List Date:
5/12/2025
Last Modified:
5/12/2025
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.
More Information MLS# 6851451
Contract Info
Current Price: $1,950,000
List Price: $1,950,000
Status: Pending
List Date: 2025-03-20
Ownership: Fee Simple
Location Tax Legal
House Number: 4325
Compass: S
Street Name: 48th
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Country: US
County Code: Maricopa
Subdivision: KNOELL GARDEN GROVES UNIT 3
Assessor Number: 123-27-354
Tax Year: 2023
General Property Description
Type of Property: Retail
Ttl Apx SqFt Bldg: 9657
Ttl Apx Net Rnt Spc: 1200
# of Buildings: 1
Lot Size Dimensions: 297.62 x 160.22 x 238.56 x 28.2 x 136.23
Year Built: 1988
Zoning: CSS
Remarks Misc
Cross Street: S 48th St and E Southern Ave
Directions: 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.
Geo Lat: 33.385897
Geo Lon: -111.977917
Status Change Info
Status Change Date: 2025-05-12
Off Market Date: 2025-05-12
Under Contract Date: 2025-04-21
Legal Info
Township: 1N
Range: 4E
Section: 32
Lot Number: TRACT A
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Mixed; Retail; Other
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: None
Interior: Finished; Finished to Suit
Exterior: Corner Lot; Dual Street Ftg; Roof Sign; Building Sign
Fencing: None
Parking Features: Free
Electric: SRP
Gas: City Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; Owner May Carry; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call; No Notification Required to Show
Lockbox Type: None
Source of Fincl Data: Owner; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Environmental: None; Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: May - 12 - 2025
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