4325 S 48th Street, Tempe, AZ 85282
- $1,900,000
- 9,657
- SqFt
- Sold Price
- $1,900,000
- List Price
- $1,950,000
- Closing Date
- May 16, 2025
- Days on Market
- 53
- Status
- CLOSED
- MLS#
- 6851451
- City
- Tempe
- Living SQFT
- 9,657
- Lot Size
- 39,857
- Subdivision
- Knoell Garden Groves Unit 3
- Year Built
- 1988
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.
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Additional Information
- Acres
- 0.92
- Construction
- Block
- Cooling
- Central Air
- Electric
- SRP
- Fencing
- None
- Flooring
- Concrete
- Heating
- Electric
- Living Area
- 9,657
- Lot Size
- 39,857
- Parking Features
- Free
- Roofing
- Built-Up
- Sewer
- Public Sewer
- Subdivision
- Knoell Garden Groves Unit 3
- Taxes
- $21,370
- Tax Year
- 2023
- Water
- City Franchise
- Zoning
- CSS
Courtesy of R.O.I. Properties. 602-615-1908 Selling Office: Non-MLS Office.
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