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825 S Rural Rd 1,923 SF Retail Building Tempe, AZ 85281 For Sale
Investment Highlights
- Negotiated Standard Zoning for up to 25 Stories of Condo’s, 10 Stories of multifamily and Mixed Use w/ Retail and Hotel Achievable in Six Months
- Trophy Development – Inquire with Listing Agents for Whole Corner Redevelopment Deliverability and Pricing Guidance
- "Gateway to the City" Priority Redevelopment per Tempe Heads of Planning and Economic Development
Executive Summary
*Negotiated Standard Zoning for up to 25 Stories of Condo’s, 10 Stories of multifamily and Mixed Use w/ Retail and Hotel Achievable in Six Months per Tempe Heads of Planning and Economic Development
*Trophy Development – Inquire with Listing Agents for Whole Corner Redevelopment Deliverability and Pricing Guidance
*Exit Cap 4%+/- with Condo Sales Prices Ranging from $750K-$3M+++
*Trophy Development – Inquire with Listing Agents for Whole Corner Redevelopment Deliverability and Pricing Guidance
*Exit Cap 4%+/- with Condo Sales Prices Ranging from $750K-$3M+++
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,923 SF
Building Class
C
Year Built
1962
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.19 AC
Zoning
MU-4 - Negotiated Standard! Up to 25 Stories of Condo's - 10 stories Multifamily/Hotel/Retail
Parking
10 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
53’ on S Rural Rd
Amenities
- Bus Line
- Commuter Rail
- Signage
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (100)
Nearby Major Retailers
Property Taxes
| Parcel Number | 132-73-040B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $94,763 |
Property Taxes
Parcel Number
132-73-040B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$94,763
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