True
Space Available For Lease 1
1325 W. University Dr. |
Freestanding building with street frontage on University Dr. in Tempe. Currently operating as a wine and dessert shop. The space includes an open floorplan, a kitchen and storage area with a 3 compartment sink, handwashing station, and a hood, although the hood will require maintenance to bring it to working condition. Parking is available to customers in the front of the building, and a dirt lot for additional parking spaces, or possibly a food truck . The city will not allow a restaurant due to parking restrictions. May work well for a catering business. Please do not disturb the tenant. Showings by appt only.
Bryan Mortensen
LRA Real Estate Group |
Contacts
LRA Real Estate Group
Property Details
- Property Type Retail - Street Retail
- Property Size 3,446 SF
- Lot Size 0.23 Acre
- Additional Rent Contact for pricing
- Building Class C
- Year Built 1960
- Date Updated Dec 12, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- Kitchen
- Frontage on University Dr.
- Open floorplan
- Freestanding building
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City Tempe, AZ
- Neighborhood Peterson Park
- Zip Code 85281
- Market Phoenix
Points of Interest
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5th St / Ash Ave
0.97 miles
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University Dr / Ash Ave
1.00 miles
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3rd St / Ash Ave
1.04 miles
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9th St / Mill Ave
1.15 miles
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6th St / Mill Ave
1.16 miles
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Mill Ave/ 3rd St
1.17 miles
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11th St / Mill Ave
1.17 miles
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Tempe Beach Park / Rio Salado Pkwy
1.18 miles
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3rd St / Mill Ave
1.22 miles
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Center Pkwy/ Washington
1.36 miles
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Circle K
0.05 miles
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chargepoint
0.85 miles
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Blink
1.00 miles
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Shell
1.47 miles
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Chevron
1.50 miles
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Phoenix Fuel
1.79 miles
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ChargePoint
1.93 miles
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Wallbox
1.94 miles
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Watermark Visitor Parking
2.07 miles
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Tesla Destination Charger
2.24 miles
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Centerpoint
1.03 miles
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CVS Parking Lot
1.12 miles
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City Hall Visitor's Parking
1.21 miles
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The Parking Spot South
1.22 miles
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Lot 3
1.25 miles
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10th St. Parking Structure
1.27 miles
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University Towers Parking Structure
1.37 miles
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Hayden Ferry Lakeside Parking Garage
1.38 miles
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Fulton Center Parking Structure
1.47 miles
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Original Hoagie Shop
0.02 miles
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Taco Bell
0.04 miles
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Tokyo Stop
0.04 miles
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Dunkin'
0.06 miles
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Subway
0.12 miles
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Rally's
0.12 miles
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Munch A Lunch
0.34 miles
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Cafe Lalibella
0.47 miles
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Cornish Pasty Co.
0.47 miles
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Sacks Hardy
0.49 miles
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Whole Foods Market
0.99 miles
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5th Street Deli and Market
1.35 miles
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P.O.D. Warehouse
1.83 miles
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Amigos Foods
1.84 miles
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Bharat Bazaar
2.01 miles
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Trader Joe's
2.02 miles
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Safeway
2.18 miles
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Fry's Food and Drug
2.20 miles
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Food City
2.59 miles
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American Freight
2.59 miles
1323-1325 W University Dr Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
1323-1325 W University Dr is located in Peterson Park, which is home to a total of 21 listing(s). Retail space at 1323-1325 W University Dr asks $30.00/SF/YR per square foot.
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The property includes 2,200 square feet of retail space for lease. Of this total, 2,200 square feet are Retail.
Lease agreement conditions for the availability at this property include Modified Gross.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
Knowing your ideal customer is essential. For your consideration, the average age of residents in Peterson Park is 29. The average household income here is $64,234 per year.
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
LRA Real Estate Group