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    230 W Southern Ave Tempe, AZ 85282

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    For Lease
    Contact for pricing

    Fully built-out restaurant space near Mill Avenue District and ASU.

    Property size:
    1,991 SF
    Lot size:
    1,991 SF

    Property Features for 230 W Southern Ave

    General Information

    Size
    1,991 SF

    Building Details

    Year built
    1985

    Source: Jason Fessinger Agent Jason Fessinger

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

    Overview

    Restaurant Space in Prime Location

    This is a fully built-out and fixturized restaurant space encompassing 1,991 square feet. The property is situated in Tempe, Arizona, offering convenient access to major transportation routes. The location is adjacent to a grocery-anchored center and has frontage on Southern Avenue. The surrounding area features a dynamic mix of business and leisure opportunities. The Mill Avenue District, known for its trendy restaurants, lively bars, and chic boutiques, is easily accessible. The Arizona State University campus is nearby, providing a hub of innovation and a talented workforce pool. Ample parking is available for both employees and visitors. Tempe Town Lake offers a scenic backdrop for recreation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency 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.

    Similar Places Nearby

    Five Stars Pizza Party, Nite Wings

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.942708
    Latitude
    33.3931388

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    FAQs

    What type of property is this?
    Restaurant - Fully built-out restaurant space near Mill Avenue District and ASU.
    Where is this restaurant located?
    The property is located at 230 W Southern Ave Tempe, AZ.
    What are key features of this property?
    This property features: - Fully built out and fixturized restaurant (1,991 SF); - Prime Tempe, AZ location near Mill Avenue District and Arizona State University; - Adjacent to grocery anchored center
    (602) 368-1090
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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
    230 W Southern Ave Tempe, AZ 85282
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