
Listed by EXP Realty
$1,600,000
1600 E CITATION LN TEMPE AZ 85284
Details
APN 301-51-233
Property Type Senior Living, Business for Sale
Square Footage 4,048
Units 1
Beds 10
Cap Rate 11.25%
NOI $180,000
Year Built 1977
Buildings 1
Stories 1
Lot Size (SqFt) 38,803
Ground Lease No
Fully Operational Assisted Living Investment Opportunity
Marketing description
1707 E Citation Ln at 1707 E Citation Ln, Tempe, AZ 85284 is a rare opportunity to acquire a well-positioned senior living / business-for-sale asset in one of Tempe’s most established residential corridors. Offered at $1,600,000, this single-story property features approximately 4,048 square feet on an expansive 38,803 SF lot (0.887 acres), providing ample space, flexibility, and long-term value.
Built in 1977, the property offers a residential-style setting with strong curb appeal, generous lot size, and a functional one-story layout well-suited for senior care, assisted living, or related residential business uses. Its location near McClintock Drive places it within a mature neighborhood setting with convenient access to surrounding amenities, schools, services, and major commuter routes.
This offering combines scale, accessibility, and a highly desirable Tempe location, making it attractive for owner-users, operators, or investors seeking to expand within the senior housing sector. With nearly an acre of land and an established neighborhood presence, this is a unique chance to secure a substantial infill property in a supply-constrained market.
Investment highlights
Ark of Life is strategically located in a well-established residential area with strong demand drivers for senior housing. The property benefits from close proximity to major healthcare providers, including hospitals, medical centers, and specialty clinics, ensuring convenient access to essential services for residents.
Nearby amenities include grocery stores, pharmacies, dining options, and retail centers, providing ease of daily living for both residents and staff. The surrounding neighborhood offers parks, walking paths, and community spaces that enhance quality of life and support an active, engaging environment.
Listing Contacts

Listed by EXP Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
11.25%
Cap Rate
11.25%
ROI
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