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$1,900,000
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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.
Full Property Details
Full Property Details for 4325 S 48th St
General
- Sold For: $1,900,000
- Taxes: $21,370 (2023)
- Status: Closed
- Type: Commercial
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6851451
- Added to Site: 288 day(s) ago
Business
- Business Type: Mixed, Other, Retail
Interior
- Flooring: Concrete
Parking
- Covered Spaces: 49
- Total Spaces: 49
- Parking Features: Free
Location
- County: Maricopa
- Township: 1N
- Subdivision: KNOELL GARDEN GROVES UNIT 3
- Cross Streets: S 48th St and E Southern Ave
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Structure Type: Other (See Remarks), Commercial
- Exterior Const.: Block
- Roof: Built-Up
- Square Feet: 9,657
- Living Area: 9,657 Sq. Ft.
- Year Built: 1988
Lot Features
- Lot Size (Acres): 0.92
- Lot Size (Sq. Ft.): 39,857
- Lot Dimensions: 297.62 x 160.22 x 238.56 x 28.2 x 136.23
- Frontage: Gravel
- Zoning: CSS
- Fencing (Description): None
Financial Considerations
- Tax Amount: $21,370
- Tax Year: 2023
Disclosures and Reports
- Legal Description: KNOELL GARDEN GROVES UNIT THREE MCR 186-16
- Property ID: 123-27-354
- Range: 4E
- Section: 32
- Lot Number: TRACT A
Listed by R.O.I. Properties
Sold by Non-MLS Office
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Schools
Schools serving 4325 S 48th St
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Frank Elementary School 8409 South Avenida del Yaqui, Guadalupe, AZ 85283 | K-5 | 1.4 mi |
Geneva Epps Mosley Middle School 1025 South Beck Avenue, Tempe, AZ 85281 | 6-8 | 2.6 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4325 S 48th St
Date
Details
Price
Change
Source
5/16/2025
Sold
$1,900,000
-2.56%
MLS
4/14/2025
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4325 S 48th Street, Tempe, AZ 85282 (MLS# 6851451) is a Commercial property that was sold at $1,900,000 on May 16, 2025. Want to learn more about 4325 S 48th Street? Do you have questions about finding other Commercial real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

