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Tempe Square Retail Opportunity
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420 S Mill Ave, Tempe, AZ

Retail space near Arizona State University's campus on Mill Avenue.

Space Size1,106 SF - 9,265 SF
Lot Size0.36 Acres
Days on Market592

Property Features for 420 S Mill Ave

General Information

Standard status Active
Size 1,106 SF - 9,265 SF
Lot size 0.36 Acres
Property subtype RETAIL

Spaces For Lease

at 420 S Mill Ave Contact us

501 S Mill Ave

Floor
1
Size
1,106 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, 30 Days
Sublease
No
- Located along the western border of Arizona State University’s campus. - Tempe...
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501 S Mill Ave

Floor
1
Size
1,958 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Located along the western border of Arizona State University’s campus. - Tempe...
show more
Contact us

501 S Mill Ave

Floor
2
Size
9,265 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Located along the western border of Arizona State University’s campus. - Tempe...
show more
Contact us

420 S Mill Ave

Floor
1
Size
1,155 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Rare Second Generation Restaurant in the Heart of Tempe - High profile / Flagship...
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420 S Mill Ave

Floor
1
Size
3,381 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Rare Second Generation Restaurant in the Heart of Tempe - High profile / Flagship...
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Contact us

420 S Mill Ave

Floor
1
Size
2,800 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- ±1,106 - 9,265 SF Available - Future Availabilities - Patios - Located along the...
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Listing Agency: Phoenix Commercial Advisors
Listed By: Courtney Auther Van Loo
Source: Moodyscre
Added: Jan 21, 2025 Changed: Aug 8 Last Checked: Sep 5 at 7:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Phoenix Commercial Advisors

Investment Insights

Based on property information with market context.

Located along the western border of Arizona State University’s campus, Tempe Square benefits from the over 86,500 students enrolled at the university. Situated in Tempe on Mill Avenue, Tempe Square features a unique architectural design that pays homage to the building’s history, complemented by modern finishes. The property includes the Laird & Dines building, a historic landmark built in 1893, located at 501 South Mill. The property offers 9,265 square feet of retail space.

Key Highlights

  • Located on Mill Avenue in Tempe, a booming Phoenix market.
  • Adjacent to Arizona State University's campus with access to over 86,500 students.
  • Historic landmark building: the Laird & Dines building, built in 1893.**

Property Analytics

Current Use

Crispy Cones - Tempe Grocery & Convenience Store Lotions & Potions Cosmetic Store Bank of America ATM Atm The Paleta Bar | On Mill Grocery & Convenience Store Bang Bang - Tempe Restaurant

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Auto Parts Store Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,359
Businesses Nearby
176k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 70% Apparel 10% Shops & Services 10% Leisure 7%
Chick-fil-A Dining
33,031 visits/mo 0.4 miles
Chili's Grill & Bar Dining
28,362 visits/mo 0.4 miles
Jack in the Box Dining
13,708 visits/mo 0.3 miles
AMC Centerpoint 11 Leisure
13,061 visits/mo 0.3 miles
Snooze Dining
11,778 visits/mo 0.4 miles

Market

Lease Benchmarks for Tempe, AZ

$18.38 /SF/Yr
Avg Asking Price
$15–$26 /SF/Yr
Price Range
36,408 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space near Arizona State University's campus on Mill Avenue.
Where is this retail space located?
The property is located at 420 S Mill Ave Tempe, AZ.
What are key features of this property?
This property features: Located on Mill Avenue in Tempe, a booming Phoenix market.; Adjacent to Arizona State University's campus with access to over 86,500 students.; Historic landmark building: the Laird & Dines building, built in 1893.**
(480) 223-7729 Call to check price and availability
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