Fiesta Center 7305 S Kyrene Rd

Property Overview:
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. The property features masonry construction, two bay doors, pylon signage, HVAC, fire sprinklers, and 60 parking spaces (4.7:1 land-to-building ratio), ensuring it meets the needs of a variety of tenants. Strategic accessibility to I-10 and 101 freeways, combined with proximity to Phoenix Sky Harbor Airport and Tempe’s growing employment hubs, positions this property as a standout opportunity in a high-demand submarket.
Key Features and Zoning Information:
Zoning (I-1 Light Industrial): Allows for light industrial and office uses by right. The property is also eligible for additional uses, including medical clinics, retail spaces, and other uses requiring special permits, such as research and development facilities, warehouses, and certain commercial activities.
Building Specifications: 12,220 SF structure with premium amenities such as HVAC, fire sprinklers, and ample parking.
Location: Located along one of Tempe’s busiest commercial corridors, offering immediate access to major highways and nearby Fortune 500 companies.
Vacancy: Delivered vacant, offering investors and owner-users the flexibility to reposition the property for maximum ROI.
Submarket Overview:
The Chandler Submarket is one of the fastest-growing in the Phoenix metro area, with a population exceeding 1 million residents within a 10-mile radius and a median household income of over $108,000. The submarket boasts low vacancy rates (6%), strong rental growth (7.3%), and a $4.8 billion buying power within a 10-minute drive, underscoring the robust demand for well-located assets. Employment in the area is bolstered by 78,000 nearby workers, with 52% of residents holding college degrees, making it a prime destination for high-value tenants.
This property presents a rare investment opportunity, offering flexibility and significant potential for future value enhancement. Whether utilized for industrial, office, or other permitted uses, 7305 S Kyrene Road is poised to deliver substantial returns for savvy investors and owner-users alike.