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3233 S 48th St
Tempe, AZ 85282
Land For Sale · 0.39 AC

Investment Highlights

  • High-traffic location with approximately 75,000 vehicles per day at the intersection.
  • Proximity to major commercial anchors and Arizona State University employment base.
  • Existing building structure lends potential for adaptive reuse or new construction.
  • Pad available for ground lease or purchase, offering flexible development options.
  • Close to Phoenix Sky Harbor International Airport and immediate freeway access.

Executive Summary

This property offers an adaptable commercial pad positioned at a high-visibility intersection in Tempe, Arizona, with direct exposure to significant traffic volumes. The site includes an existing 1,428-square-foot building on a 17,163-square-foot pad, creating options for either reuse or complete redevelopment based on business needs. Located near major destinations such as Tempe Diablo Stadium, the Cotton Center Business Park, and Arizona Mills Mall, the property benefits from heavy daytime population and a diverse customer base.
Convenient access to Interstate 10, U.S. Highway 60, and Phoenix Sky Harbor International Airport enhances the property’s connectivity for both local and regional users. This location provides a strong opportunity for retailers, service providers, or quick-serve concepts seeking prominent exposure in a core Tempe corridor with steady consumer demand.

Property Facts

Sale Type Investment
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.39 AC
Zoning PAD - Planned Area Development

1 Lot Available

Lot

Lot Size 0.39 AC

Close proximity to the Cotton Center, Tempe Diablo Stadium and Arizona Mills.

Description

The property at 3233 S 48th St in Tempe, Arizona consists of a 1,428-square-foot retail building situated on a commercial pad of approximately 17,163 square feet. The site is located near the intersection of 48th Street and Southern Avenue in Maricopa County and falls within an area characterized by a mix of retail and business uses. The property offers close proximity to Interstate 10 and is accessible to key regional destinations including Tempe Diablo Stadium and Arizona Mills Mall.

Property Taxes

Property Taxes

Parcel Number
123-28-130J
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$107,268 CAD
  • Listing ID: 36757232

  • Date on Market: 2025-07-16

  • Last Updated:

  • Address: 3233 S 48th St, Tempe, AZ 85282

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