1986 E UNIVERSITY Drive Tempe, AZ ^$ 1,350,000

1986 E UNIVERSITY Drive

^$ 1,350,000

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1986 E UNIVERSITY Drive

Tempe, AZ, 85288

^$ 1,350,000

Studio Baths0.0 Sq 1,278

Monthly Estimate*

^$ 9,430

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Studio

Commercial Property for sale in Tempe, AZ

for $1,350,000. This 1,278 square foot building was built in 1946 on a lot size of 0.49.

Rare opportunity to purchase infill land on University Drive for possible multi family units, apartments, retail, restaurant etc. Property is zoned agricultural giving it a variety of uses. Property is located near Arizona State's Tempe Campus, less than a 1/2 from Loop 101 in a high demand retail trade area. The property is close to Tempe Marketplace and ASU. Property includes a 1278 sq/ft adobe home that is currently occupied. Irrigated lot. Very unique property with a variety of potential uses. Do not disturb occupants. Sale is for the land and current single family home. Buyer to verify all facts, figures, measurements and any information of material importance.

Commercial Active

Price

^$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,330

Style

Comm/Industry Sale

Lot Size

0.49

Year Built

1946

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6423796

Features

General

Sewer Other

Heating Other See Remarks

Cooling Central A/C

Roof See Remarks

Zoning AG

Construction Materials See Remarks Frame - Wood Stucco Block

Year Built 1946

Electric SRP

Township 1N

Tax Year 2021

Percent Ownership Fee Simple

Gross Income 0.0

Business Type Other See Remarks

County Maricopa

Net Operating Income 0.0

Insurance Expense 0.0

Property Type Comm/Industry Sale

Attached Garage N

Building Features Other (See Remarks)

Status Active

Directions University and Smith Drive

City Tempe

Buyer Agent Compensation 2.50

Disclosures None

View Y/N N

Open Parking Spaces 10.0

Lot Size Square Feet 21413.0

Carport Y/N N

Street Name UNIVERSITY

Tax Annual Amount 1330.0

Electric Expense 0.0

Current Financing Not Applicable

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 678

Structure Type Other (See Remarks) Commercial

Standard Status Active

Tax Lot -

Buyer Agent Compensation Type %

Ownership Fee Simple

Senior Community N

Interior

Flooring Ceramic Tile

Street Suffix Drive

Electric On Property Y/N N

Total Baths 0

Exterior

Fencing Other See Remarks

Parking Features Private Parking Free Fenced

Water Source Other See Remarks

Total Parking 10.0

Lot Size Area 21413.0

Number of Buildings 1

Spa N

Lot Size Acres 0.49

Road Surface Type Dedicated Street Private Street

Lot Size Units Square Feet

Covered Spaces 0.0

Crops Included Y/N N

Open Parking Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1986

* Excluded Features

List By

Realty One Group

Broker

jason.miszuk@gmail.com

Affordability Calculator

$9,541

Per Month

Monthly Principal & Interest: $9,430
Monthly Property Taxes: $111
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Tempe, AZ

Average List Price ^$2,798,000

Percent of Sale Price 107%

About Tempe, AZ

178,468 Population

13% Since 2002

^$52,533 Median Income

31.86 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/24/2022	$1,350,000		Listed Price

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1986 E UNIVERSITY Drive, Tempe, AZ, 85288 is a Commercial Property for sale at $1,350,000 with 1,278 sqft and a lot size of 0.49. 1986 E UNIVERSITY Drive is a studio with 0.0 baths and was built in 1946. The property's zip code is 85288 which is in Tempe, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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1986 E UNIVERSITY Drive

Commercial Property for sale in Tempe, AZ

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