Commercial Land in Tempe, Arizona, offers a unique opportunity for investors to tap into the city's growing economy. With a population of approximately 180,000, Tempe is an attractive location for businesses and individuals alike. Commercial Land investments can take many forms, including retail, office, or industrial properties, each with its own potential for growth and returns. Tempe's strategic location, with easy access to major highways and airports, makes it an ideal spot for businesses looking to establish a presence in the region. The city's amenities, including Tempe Town Lake, Papago Park, and the Tempe Center for the Arts, also make it an attractive location for employees and customers. Additionally, Tempe is home to Arizona State University, which provides a steady stream of talented graduates and innovative research opportunities. With its strong infrastructure, diverse economy, and high quality of life, Tempe is an excellent choice for Commercial Land investors.
Tempe's Commercial Land market offers a range of opportunities, with 11 listings currently available. The average price per square foot for Commercial Land in Tempe is , with an average size of square feet. The largest property available is 0 square feet. With an average cap rate of , Commercial Land investments in Tempe can provide a strong potential for returns. In addition to Commercial Land, Tempe also offers a range of other property types, including office buildings, retail spaces, and industrial properties, each with its own unique characteristics and opportunities. The city's strong economy, diverse industries, and high quality of life make it an attractive location for businesses and investors alike. With its many amenities, including Tempe Town Lake, Papago Park, and the Tempe Center for the Arts, Tempe is an excellent choice for those looking to invest in Commercial Land.
What are common commercial uses for land in the Tempe market?
Commercial land in Tempe is often utilized for a variety of purposes, including retail developments, office spaces, and industrial facilities, given the city's strong presence of major corporations and educational institutions like Arizona State University.
Additionally, the land is also used for hospitality and entertainment venues, taking advantage of the city's tourist attractions, such as Tempe Town Lake and Mill Avenue, as well as its proximity to Phoenix Sky Harbor International Airport, making it an attractive location for businesses and investors alike.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Tempe, Arizona, there are several common ways to do so. For instance, investors can buy land directly from property owners, work with real estate agents or brokers, or purchase land at auctions, and it's essential to understand the process, which is outlined in our article on how to buy land, to ensure a successful transaction.
