Tempe, AZ 85281,1101 W UNIVERSITY Drive #102,103
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Tempe, AZ 85281,1101 W UNIVERSITY Drive #102,103
Tempe, AZ 85281,1101 W UNIVERSITY Drive #102,103
Tempe, AZ 85281,1101 W UNIVERSITY Drive #102,103
Tempe, AZ 85281,1101 W UNIVERSITY Drive #102,103

$480,000

Est. payment /mo

$595,000

19.3%
Est.Price: ?

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1101 W UNIVERSITY Drive #102, 103 Tempe, AZ 85281

SOLD DATE : 05/31/2023

Key Details

Sold Price $480,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision The Vale Condominiums

MLS Listing ID 6453347

Sold Date 05/31/23

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 2005

Annual Tax Amount $3,205

Tax Year 2022

Property Description

Work in an architectural icon! Just moments from the heart of Downtown Tempe, renown architect Will Bruder's ''The Vale'' is simply one of a kind. Boasting perforated metal, color resin paneling, and molded steel, this industrial style 1st floor commercial space is perfect for your creative office. Stunning rounded corner unit offers direct storefront to University Drive with nearly 30,000 cars per day. The office includes floor to ceiling windows, exposed mechanical, high ceilings, bathroom w/shower, and concrete flooring. Owner even has access to The Vale's swimming pool/jacuzzi & fitness facility. 2 covered parking spaces included as well as easily available public parking. Perfect for entrepreneurs looking for a cultured & vibrant space for an office, art gallery, retail store or... many other uses. Currently being sold as 1 space, the space is legally 2 separate Suites approximately 700 s.f. each allowing for re-dividing if so desired. Buyer could use 1 Suite for their own use and Lease the other for income. Stop throwing your money away with your office lease and own your office!
This property is close to Mill Avenue's shops and restaurants, the light rail system, Tempe Town Lake, Tempe Streetcar, the Whole Foods Market, ASU, and everything else downtown Tempe has to offer! Tempe has been voted one of the best places to live as well as the 2nd fastest growing in the United States. This property is located within a mile of the proposed 2.1 Billion Coyote's Stadium and Entertainment district which will include 3.4 million square feet of new development.

Location

State AZ

County Maricopa

Community The Vale Condominiums

Zoning MU

Direction From Hardy and University, West on University to property on South side of the road. Building is the Eastern most in The Vale. Suites located on street level.

Interior

Heating Electric

Cooling Central A/C

Flooring Concrete

Exterior

Garage Public Parking

Fence Block

Waterfront No

Roof Type Metal

Present Use Mixed Use, Retail, Office

Parking Type Public Parking

Total Parking Spaces 2

Building

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 124-61-160

Financing Cash

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Arizona Regional MLS (ARMLS)
Listed by Urban Realty & Development, LLC
Bought with Urban Realty & Development, LLC

Pamela Torgrimson

Broker Associate | License ID: BR662242000

+1(602) 803-6904

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