$3,995,000
Tempe, AZ 85283
MLS# 6797092
Status: Pending
1 / 53
Property 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.
Details
Maps
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
Listing Office: Apex Residential
Last Updated: December - 09 - 2025
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