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
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.
More Information MLS# 6797092
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 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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