$1,900,000
$1,950,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
0.91 Acres Lot
SOLD DATE : 05/16/2025
Key Details
Sold Price $1,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Knoell Garden Groves Unit 3
MLS Listing ID 6851451
Sold Date 05/16/25
Year Built 1988
Annual Tax Amount $21,370
Tax Year 2023
Lot Size 0.915 Acres
Acres 0.92
Lot Dimensions 297.62 x 160.22 x 238.56 x 28.2 x 136.23
Source Arizona Regional Multiple Listing Service (ARMLS)
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
Direction 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.
Interior
Heating Electric
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Free
Fence None
Roof Type Built-Up
Total Parking Spaces 49
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 123-27-354
Financing Other
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Bought with Non-MLS Office