4325 S 48th Street, Tempe, AZ 85282
- $1,900,000
- 9,657
- SqFt
- Sold Price
- $1,900,000
- List Price
- $1,950,000
- Status
- CLOSED
- Days on Market
- 53
- Closing Date
- May 16, 2025
- MLS#
- 6851451
- Subtype
- Comm/Industry Sale
- Year Built
- 1988
- Living Area
- 9,657
- Lot Size
- 39,857
- Acres
- 0.92
- Subdivision
- Knoell Garden Groves Unit 3
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.
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Additional Information
- Taxes
- $21,370
- Zoning
- CSS
- Flooring
- Concrete
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Parking Features
- Free
Mortgage Calculator
Listing courtesy of Listing Agent: Reuben Z Nach (602-881-4724) from Listing Office: R.O.I. Properties.
Selling Office: Non-MLS Office.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.