AZ > Tempe > Knoell Garden Groves Unit 3
Tempe, AZ 85282,4325 S 48th Street
Tempe, AZ 85282,4325 S 48th Street
Tempe, AZ 85282,4325 S 48th Street
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James Lessa

James Lessa

+1(480) 848-9716
$1,950,000
Est. payment /mo
0.91 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Knoell Garden Groves Unit 3

MLS Listing ID 6851451

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

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

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

Dwelling Type Other (See Remarks),Commercial

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 123-27-354

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Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by R.O.I. Properties

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agent

James Lessa

Team Lead & Sr. Mortgage Broker | License ID: SA714546000 | NMLS 629922

+1(480) 848-9716

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4325 S 48th Street