7305 S KYRENE Road, Tempe, AZ 85283 (MLS# 6797092)

Description

Discover an exceptional add-value and owner-user opportunity at 7305 S Kyrene Road in Tempe. This 12,220 SF property, situated on 1.32 acres, is zoned I-1 (Light Industrial), offering flexible space ideal for light industrial and office purposes. Built-in 2000 as a retail strip center, the property previously housed notable tenants like FedEx, office users, and a Pilates studio. It is currently being occupied as a boxing gym. This versatile asset provides eligibility for all l-1 uses, including permits allowing medical clinics. Additionally, the property is eligible for permits for retail and various special use permits, making it a prime opportunity for repositioning or redevelopment.

Contract Info

Ownership: Fee Simple Current Price: $3,995,000 List Price: $3,995,000 Status: Pending List Date: 2024-12-23

Location, Tax & Legal

Assessor's Map #: 47 Legal Description (Abbrev): PT SW4 DAF COM SW COR SEC TH N 1388.11F TH E 55F TO TPOB TH CONT E 262.50F TO PT ON W R/W LN SP R/R Assessor's Parcel #: 15 Assessor Parcel Ltr: H Add'l Parcels: No Tax Municipality: Tempe Census Tract: 319908 Taxes: 24144 Legal: PT SW4 DAF COM SW COR SEC TH N 1388.11F TH E 55F TO TPOB TH CONT E 262.50F TO PT ON W R/W LN SP R/R House Number: 7305 Compass: S Street Name: KYRENE St Suffix: Road City/Town Code: Tempe State/Province: AZ Zip Code: 85283 Zip4: 4608 County Code: Maricopa Assessor Number: 301-47-015-H Tax Year: 2024

General Property Description

Ttl Apx SqFt Bldg: 12200 # of Buildings: 1 Uncvrd Parking Spcs: 60 Year Built: 2000 Zoning: I-1

Currently Not Used

Sold Price Per SqFt: 327.46

Legal Info

Range: 4E Section: 10 Township: 1S Lot Number: n/a

Construction

Block: 1

Roofing

Foam: 1

Floors

Concrete: 1 Vinyl: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 24144 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1 Industrial: 1

Business Type

Dental: 1 Mixed: 1 Service Business: 1 Medical: 1 Retail: 1

Stories

1 Story: 1

Pmt & Rate Info

Equity: 5000000 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

Other: 1

Cooling

Central Air: 1

Interior Features

Finished: 1 Security System: 1 Security Camera(s): 1 Private Restrooms: 1

Loading Facilities

Other (See Remarks): 1

Source of Fincl Data

Other (See Remarks): 1

Traffic Count

100,001 to 120,000: 1

Fencing

Block: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Fenced: 1

Electric

Other (See Remarks): 1

Gas

Other (See Remarks): 1

New Financing

1031 Exchange: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Remarks Misc

Cross Street: W Elliot Rd & S Kyrene Rd Geo Lat: 33.352671 Geo Lon: -111.945263

Status Change Info

Off Market Date: 2025-10-24 Under Contract Date: 2025-10-16

Property Features

Building Type: Commercial; Industrial Business Type: Dental; Mixed; Service Business; Medical; Retail Stories: 1 Story Construction: Block Roofing: Foam Floors: Concrete; Vinyl Ceiling Height: 16.1 Feet to 28 Feet Heating: Other Cooling: Central Air Loading Facilities: Other (See Remarks) Interior Features: Finished; Security System; Security Camera(s); Private Restrooms Fencing: Block Parking Features: Fenced Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: 1031 Exchange Lockbox Type: None Source of Fincl Data: Other (See Remarks) Traffic Count: 100,001 to 120,000 Environmental: None