$2,325,000
Tempe, AZ 85283
MLS# 6819777
Status: Closed
20430 sqft
1 / 6
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.
Details
Contract Info
Current Price: $2,325,000
Sold Price: $2,325,000
Status: Closed
List Date: 2025-02-12
Ownership: Fee Simple
Location, Tax & Legal
House Number: 1204
Compass: E
Street Name: BASELINE
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Zip4: 1454
Country: US
County Code: Maricopa
Subdivision: LAKE COUNTRY ESTATES UNIT 1
Assessor Number: 133-38-003-E
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 20430
# of Buildings: 1
Year Built: 1982
Uncvrd Parking Spcs: 38
Zoning: C-C
Legal Info
Township: 1N
Range: 4E
Section: 35
Lot Number: 1
Showing Notification Methods
Showing Service: No Showing Service Used
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Remarks Misc
Cross Street: NEC of E Baseline Rd & S Lakeshore Dr
Directions: 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.
Geo Lat: 33.378863
Geo Lon: -111.920002
Status Change Info
Off Market Date: 2025-05-19
Under Contract Date: 2025-05-15
Close of Escrow Date: 2025-07-18
Sold Price: $2,325,000
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Business Type: Mixed; Professional/Office; Other
Stories: Other (See Remarks)
Construction: Block; Other
Roofing: Rolled; Other
Floors: Other
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Finished; Other (See Remarks)
Exterior: Corner Lot; Dual Street Ftg; Building Sign; Monument Sign
Fencing: Other
Parking Features: Parking Structure; Paved; Other
Electric: APS; Other (See Remarks)
Gas: Other (See Remarks)
Water Source: City Franchise; Other
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Office Phone: 602-615-1908
Office Email: [email protected]
Last Updated: October - 09 - 2025
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