7305 S KYRENE Road, Tempe, AZ 85283
$3,500,000
Property Type:
Comm/Industry Sale
Square Footage:
12,200
Lot Size (sq. ft.):
57,499
Status:
Closed
Current Price:
$3,500,000
List Date:
1/27/2026
Last Modified:
1/30/2026
Overview
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.
Listing Details MLS# 6797092
Location, Tax & Legal
- House Number
- 7305
- Compass
- S
- Street Name
- KYRENE
- St Suffix
- Road
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85283
- Zip4
- 4608
- County Code
- Maricopa
- Assessor Number
- 301-47-015-H
- Tax Year
- 2024
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Ttl Apx SqFt Bldg
- 12200
- # of Buildings
- Yes
- Year Built
- 2000
- Uncvrd Parking Spcs
- 60
- Zoning
- I-1
Remarks Misc
- Cross Street
- W Elliot Rd & S Kyrene Rd
Status Change Info
- Off Market Date
- 2026-01-27
- Under Contract Date
- 2025-10-17
- Close of Escrow Date
- 2026-01-29
Legal Info
- Township
- 1S
- Range
- 4E
- Section
- 10
- Lot Number
- n/a
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Currently Not Used
- Sold Price Per SqFt
- 327.46
Construction
- Block
- Yes
Roofing
- Foam
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
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
- Yes
- Industrial
- Yes
Business Type
- Dental
- Yes
- Mixed
- Yes
- Service Business
- Yes
- Medical
- Yes
- Retail
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Equity
- 5000000
- Total Owed
- 0
Lockbox Type
- None
- Yes
Ceiling Height
- 16.1 Feet to 28 Feet
- Yes
Heating
- Other
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished
- Yes
- Security System
- Yes
- Security Camera(s)
- Yes
- Private Restrooms
- Yes
Loading Facilities
- Other (See Remarks)
- Yes
Source of Fincl Data
- Other (See Remarks)
- Yes
Traffic Count
- 100,001 to 120,000
- Yes
Fencing
- Block
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Fenced
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- Other (See Remarks)
- Yes
New Financing
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
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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