4325 S 48th Street Pending Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85282
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Subdivision Knoell Garden Groves Unit 3
MLS Listing ID 6851451
Year Built 1988
Annual Tax Amount $21,370
Tax Year 2023
Lot Size 0.915 Acres
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
Interior
Heating Electric
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Free
Fence None
Roof Type Built-Up
Building
Dwelling Type Other (See Remarks),Commercial
Sewer Public Sewer
Water City Franchise
New Construction No