2929 S 48th St
Tempe, AZ 85282
Office Property For Sale

High image single-story office building – priced to sell – located within a well-appointed business park setting featuring a corner-lot location with excellent egress/ingress, convenient surface parking and building access, and direct freeway access. This corner location offers the ability for an investor to potentially entitle the corner for a higher & better use – potentially a quick service restaurant (Buyer to verify on their own). Ideal Corporate HQ location for an owner-user seeking a lease-saving trade-off. The purchase provides protection against future rental rate hikes as well as after-tax equity accumulation. The front portion of the building features 16-foot ceilings offering an opportunity for a buyer to create an attractive and creative open & exposed ceiling. The building could provide exceptional efficiency, flexibility and scalability for many different uses. Increased land values and construction costs, coupled with lack of available land in Tempe, have created barriers to new development. This provides an opportunity to purchase the building below replacement cost, which is estimated to be $291 PSF.