NOT LISTED FOR SALE

1101 W University Dr Unit 102/103 Tempe, AZ 85281

Gililland Neighborhood
-- Bed
-- Bath
1,430 Sq Ft
2005 Built

Last Sold May 31, 2023

Last sale price $480,000 $336 Per Sq Ft

251 Days on Market

Highlights

  • Fitness Center
  • Display Windows
  • Concrete Flooring
  • Community Kitchen
  • Central Air
  • Heating Available

About This Home

As of May 2023

Work in an architectural icon! Just moments from the heart of Downtown Tempe, renown architect Will Bruder's ''The Vale'' is simply one of a kind. Boasting perforated metal, color resin paneling, and molded steel, this industrial style 1st floor commercial space is perfect for your creative office. Stunning rounded corner unit offers direct storefront to University Drive with nearly 30,000 cars per day. The office includes floor to ceiling windows, exposed mechanical, high ceilings, bathroom w/shower, and concrete flooring. Owner even has access to The Vale's swimming pool/jacuzzi & fitness facility. 2 covered parking spaces included as well as easily available public parking. Perfect for entrepreneurs looking for a cultured & vibrant space for an office, art gallery, retail store or... many other uses. Currently being sold as 1 space, the space is legally 2 separate Suites approximately 700 s.f. each allowing for re-dividing if so desired. Buyer could use 1 Suite for their own use and Lease the other for income. Stop throwing your money away with your office lease and own your office!
This property is close to Mill Avenue's shops and restaurants, the light rail system, Tempe Town Lake, Tempe Streetcar, the Whole Foods Market, ASU, and everything else downtown Tempe has to offer! Tempe has been voted one of the best places to live as well as the 2nd fastest growing in the United States. This property is located within a mile of the proposed 2.1 Billion Coyote's Stadium and Entertainment district which will include 3.4 million square feet of new development.

Last Listed By

Tom Tokoph

Urban Realty & Development, LLC Brokerage Phone: 602-549-9000 License #BR114305000 Listed on: 05/30/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,205

Year Built

  • Built in 2005

Lot Details

  • Block Wall Fence

Home Design

  • Metal Roof
  • Block Exterior

Interior Spaces

  • 1,430 Sq Ft Home
  • Display Windows
  • Concrete Flooring

Parking

  • Public Parking
  • 2 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 102 & 103
  • Assessor Parcel Number 124-61-160

Community Details

Recreation

  • Fitness Center

Additional Features

  • The Vale Condominiums Subdivision
  • Community Kitchen
  • Operating Expense $12,109

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,205

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: UNIVERSITY & HARDY
  • Property Type: Comm/Industry Sale
  • Zoning: MU
  • Number Of Buildings: 1
  • Ownership: Condominium
  • Year Built: 2005
  • Tax Year: 2022
  • Directions: From Hardy and University, West on University to property on South side of the road. Building is the Eastern most in The Vale. Suites located on street level.
  • Attribution Contact: 602-549-9000
  • Road Surface Type: Asphalt
  • Subdivision Name: The Vale Condominiums
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Concrete
  • Living Area: 1430.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Metal
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Public Parking
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Electric
  • Green Building Features: Exercise Room, Kitchen, Showers - Office, Display Window(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Exercise Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Display Window(s): Yes

Lot Info

  • Parcel #: 124-61-160

Multi Family

  • Annual Operating Expense: 12109.0

Tax Info

  • Tax Annual Amount: 3205.0
  • Tax Book Number: 124.00
  • Tax Lot: 102 & 103
  • Tax Map Number: 61.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $480,000 -19.3% $336 / Sq Ft
05/30/2023 05/30/23 Price Changed $595,000 0.0% $416 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
11/04/2022 11/04/22 Price Changed $595,000 -14.4% $416 / Sq Ft
09/17/2022 09/17/22 Price Changed $695,000 -2.8% $486 / Sq Ft
08/22/2022 08/22/22 For Sale $715,000 -- $500 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tom Tokoph

    Seller's Agent in 2023

    Tom Tokoph

    Urban Realty & Development, LLC

    (480) 829-1000

    1 in this area

    31 Total Sales

    Tom Tokoph
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6453347

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Tempe 85281 Gililland

1101 W University Dr Unit 102/103, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1101 W University Dr Unit 102/103, Tempe, AZ 85281 since 30 May 2023. This property was built in 2005. 1101 W University Dr Unit 102/103 is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and Noor Academy of Arizona.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393