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    704 S Myrtle Ave Tempe, AZ 85281

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    For Lease
    Contact for pricing

    Ground floor retail in mixed-use development near Arizona State University.

    Property size:
    2,665 SF
    Lot size:
    0.40 Acres

    Property Features for 704 S Myrtle Ave

    General Information

    Size
    2,665 SF
    Lot size
    0.40 Acres

    Source: Phoenix Commercial Advisors Agent Zachary Pace

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Space in Tempe

    This newly constructed mixed-use development features 268 luxury residential units and approximately 6,606 square feet of ground floor retail space. The retail space offers visibility and street view appeal. Situated in Tempe, the property is surrounded by Arizona State University's Tempe Campus, which has over 53,000 students, and downtown Tempe, which has a daytime population of over 27,000 employees. Major employers in the area include State Farm Insurance, JPMorgan Chase, Carvana, ADP Inc, and Amazon, as well as the City of Tempe. The area also benefits from approximately 3.7 million visitors annually, drawn to various area attractions, contributing an estimated economic impact of over $700 million each year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ōLiv Tempe Apartment Complex Zoni Girls Skatewear Skate Shop

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.938216
    Latitude
    33.422589

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    FAQs

    What type of property is this?
    Retail space - Ground floor retail in mixed-use development near Arizona State University.
    Where is this retail space located?
    The property is located at 704 S Myrtle Ave Tempe, AZ.
    What are key features of this property?
    This property features: - Newly constructed luxury residential units.; - Prime location in the heart of Tempe.; - Surrounded by Arizona State University's Tempe Campus with over 53,000 students.
    (602) 920-9212
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    704 S Myrtle Ave Tempe, AZ 85281
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    704 S Myrtle Ave Tempe, AZ 85281
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