TEMPE PLAZA INFORMATION

Sale Notes

Seller recently engaged a respected local zoning attorney to communicate with the City of Tempe's planning and zoning department regarding potential re-development of the Tempe Plaza site. After numerous conversations with City Officials the attorney's opinion on re-developing the site is a mixed use approach, including Retail along the Price and Baseline frontage roads with 240+/- Multifamily or 300+/- Independent / Assisted Living units.


Property is located on the northwest corner of Baseline and Price / 101 at the heart of the Tempe, Mesa border. 133-35-001F & 133-35-001GTempe, AZ 8 acres site Baseline Rd and the Price 101 Freeway; minutes from ASU & Banner Medical Center. 


Property is currently known and operated as Tempe Plaza a 75,000+/- SF neighborhood retail center built in 1972 zoned PCC1 with current income. Landlord has early termination rights.



Learn More

7.92 AC offered at $8,950,000


Proposed Use:

  • Mixed Use
  • Multi-Family
  • Apartment Units / Condos
  • Apartment Unit / Senior
  • Hotel
  • Medical
  • Motel
  • Strip Center

MAP Tempe Plaza

PLATINUM REALTY ONE

801 South Power Road, Ste 201, Mesa, Arizona 85206, United States

CHUCK: (480) 539-1300 / MIKE: (602) 361-1427 chuck@platinumrealtyone.com / mike.stainken@gmail.com