2211 S MILL AVE Tempe AZ 85282-2115

2211 S Mill Ave consists of a 2,203 square foot office building located in Tempe, AZ. This property was originally constructed in 1974 and was previously master leased along with the property next door to a sober living group. The tenant recently vacated both buildings so it is being sold vacant. The property is also zoned R-4 (multifamily) which allows for possible conversion into 3 or 4 units depending on unit mix and layout. 2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire a well-located assets with significant upside.

Situated just south of the intersection of Mill Ave and Broadway Rd, 2211 S Mill Ave sits approximately 1-2 miles from Arizona State University Tempe Campus which is one of the country’s largest public universities with over 100,000 students (online + on-campus). Nearby to the north on Mill Ave, you will also find plenty of dining, entertainment and nightlife options as well as public transit. University students and faculty population create strong rental demand which sets this asset up for future population and income growth.

● 2,203 Sq Ft, Built in 1974

● R-4 Zoning (Multifamily)

● Lot Size: 10,064 (0.23 Acres)

● Value-Add Opportunity

● Close Proximity to Arizona State University - Tempe