$2,325,000
$2,950,000
21.2%For more information regarding the value of a property, please contact us for a free consultation.
1204 E BASELINE Road Tempe, AZ 85283
1.45 Acres Lot
Key Details
Sold Price $2,325,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Lake Country Estates Unit 1
MLS Listing ID 6819777
Sold Date 07/18/25
Year Built 1982
Annual Tax Amount $31,388
Tax Year 2024
Lot Size 1.455 Acres
Acres 1.45
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Strategically positioned at the high-traffic northeast corner of Baseline & Lakeshore Drive, 1204 E Baseline offers a rare chance to own a premier garden office space in Tempe's booming market. This property boasts exceptional real estate fundamentals and is surrounded by upscale development and a growing high-income demographic. With a strong income stream already in place, there is potential for owner-user buyers looking for additional rental income, or value-add investors looking to fill the vacancies and increase current rental rates. Additionally, the property offers significant redevelopment potential, as it is located within the mixed-use area designated in the City of Tempe General Plan.
Location
State AZ
County Maricopa
Community Lake Country Estates Unit 1
Zoning C-C
Direction From Hwy 60, head South on Rural, then take your first Left (Heading East) on S Lakeshore Dr., Property is located on the Corner of S Lakeshore Dr., and E Baseline Rd.
Interior
Heating Other, See Remarks
Cooling Other, See Remarks
Flooring Other
Exterior
Parking Features Other, Paved, Parking Structure
Fence Other
Roof Type Other,Rolled/Hot Mop
Building
Sewer Public Sewer
Water Other, City Franchise
New Construction No
Others
Senior Community No
Tax ID 133-38-003-E
Financing Other
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