Search - drAVEst RE

$3,500,000

7305 S KYRENE Road
Tempe, AZ 85283
MLS# 6797092
Status: Closed

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Property Description
Discover an exceptional add-value and owner-user opportunity at 7305 S Kyrene Road in Tempe. This 12,220 SF property, situated on 1.32 acres, is zoned I-1 (Light Industrial), offering flexible space ideal for light industrial and office purposes. Built-in 2000 as a retail strip center, the property previously housed notable tenants like FedEx, office users, and a Pilates studio. It is currently being occupied as a boxing gym. This versatile asset provides eligibility for all l-1 uses, including permits allowing medical clinics. Additionally, the property is eligible for permits for retail and various special use permits, making it a prime opportunity for repositioning or redevelopment.

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $3,500,000

Sold Price: $3,500,000

Status: Closed

List Date: 2024-12-23

Location, Tax & Legal

Assessor's Map #: 47

Legal Description (Abbrev): PT SW4 DAF COM SW COR SEC TH N 1388.11F TH E 55F TO TPOB TH CONT E 262.50F TO PT ON W R/W LN SP R/R

Assessor's Parcel #: 15

Assessor Parcel Ltr: H

Add'l Parcels: No

Tax Municipality: Tempe

Census Tract: 319908

Taxes: 24144

Legal: PT SW4 DAF COM SW COR SEC TH N 1388.11F TH E 55F TO TPOB TH CONT E 262.50F TO PT ON W R/W LN SP R/R

House Number: 7305

Compass: S

Street Name: KYRENE

St Suffix: Road

City/Town Code: Tempe

State/Province: AZ

Zip Code: 85283

Zip4: 4608

Country: US

County Code: Maricopa

Assessor Number: 301-47-015-H

Tax Year: 2024

General Property Description

Ttl Apx SqFt Bldg: 12200

# of Buildings: 1

Uncvrd Parking Spcs: 60

Year Built: 2000

Zoning: I-1

Currently Not Used

Sold Price Per SqFt: 327.46

Legal Info

Range: 4E

Section: 10

Township: 1S

Lot Number: n/a

Construction

Block: 1

Roofing

Foam: 1

Floors

Concrete: 1

Vinyl: 1

Income & Expenses

Owner Association: No

Annual Ownr Asoc Fee: 0

Operating Exp: 24144

Other Income: 0

Vacancy Allowance: 0

Adjusted Gross Inc: 0

Building Type

Commercial: 1

Industrial: 1

Business Type

Dental: 1

Mixed: 1

Service Business: 1

Medical: 1

Retail: 1

Stories

1 Story: 1

Pmt & Rate Info

Equity: 5000000

Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

Other: 1

Cooling

Central Air: 1

Interior Features

Finished: 1

Security System: 1

Security Camera(s): 1

Private Restrooms: 1

Loading Facilities

Other (See Remarks): 1

Source of Fincl Data

Other (See Remarks): 1

Traffic Count

100,001 to 120,000: 1

Fencing

Block: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Fenced: 1

Electric

Other (See Remarks): 1

Gas

Other (See Remarks): 1

New Financing

1031 Exchange: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Sold Info

Loan Type: Other

Payment Type: Other

Clsing Cost Split: Normal - N

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 0

Seller Concession $/%: $

Remarks Misc

Cross Street: W Elliot Rd & S Kyrene Rd

Geo Lat: 33.352671

Geo Lon: -111.945263

Status Change Info

Off Market Date: 2026-01-27

Under Contract Date: 2025-10-17

Close of Escrow Date: 2026-01-29

Sold Price: $3,500,000

Property Features

Building Type: Commercial; Industrial

Business Type: Dental; Mixed; Service Business; Medical; Retail

Stories: 1 Story

Construction: Block

Roofing: Foam

Floors: Concrete; Vinyl

Ceiling Height: 16.1 Feet to 28 Feet

Heating: Other

Cooling: Central Air

Loading Facilities: Other (See Remarks)

Interior Features: Finished; Security System; Security Camera(s); Private Restrooms

Fencing: Block

Parking Features: Fenced

Electric: Other (See Remarks)

Gas: Other (See Remarks)

Water Source: City Franchise

Sewer: Sewer - Public

New Financing: 1031 Exchange

Lockbox Type: None

Source of Fincl Data: Other (See Remarks)

Traffic Count: 100,001 to 120,000

Environmental: None

Listing Office: Apex Residential

Last Updated: January - 30 - 2026

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