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Retail and Restaurant Space Available
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707 S Forest Avenue, Tempe, AZ 85281

Retail and restaurant space near ASU Tempe Campus.

Property Size4,720 SF
Days on Market247

Property Features for 707 S Forest Avenue

General Information

Standard status Active
Size 4,720 SF
Property subtype Retail
Listing Agency: Western Retail Advisors, LLC
Listed By: Kalen Rickard · License #SA623748000
Source: W-retail
Added: Nov 25, 2025 Changed: Jul 6 Last Checked: Jul 30 at 3:25AM

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 Western Retail Advisors, LLC

Investment Insights

Based on property information with market context.

Retail and restaurant spaces are available near the ASU Tempe Campus. The location is at the southeast corner of Forest Avenue and 7th Street. Structured parking is available below 252 apartment units. The average household income in the area is $67,000. The property size is 4720 square feet.

Key Highlights

  • Prime Location Near ASU Tempe Campus
  • Street‑Level Retail and Restaurant Space available
  • Structured Parking Below

Property Analytics

Current Use

Rusty Taco Restaurant Atmosphere Tempe Apartment Building

Suggested Use

Top Pick Dental Office Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic Building Supply

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

2,342
Businesses Nearby
204k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 69% Apparel 9% Shops & Services 9% Leisure 6%
Chick-fil-A Dining
33,031 visits/mo 0.3 miles
Chili's Grill & Bar Dining
28,362 visits/mo 0.5 miles
Chipotle Mexican Grill Dining
18,614 visits/mo 0.4 miles
Jack in the Box Dining
13,708 visits/mo 0.2 miles
AMC Centerpoint 11 Leisure
13,061 visits/mo 0.3 miles

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$16.38 /SF/Yr
Avg Asking Price
$15–$18 /SF/Yr
Price Range
61,201 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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and restaurant space near ASU Tempe Campus.
Where is this retail space located?
The property is located at 707 S Forest Avenue Tempe, AZ.
What are key features of this property?
This property features: Prime Location Near ASU Tempe Campus; Street‑Level Retail and Restaurant Space available; Structured Parking Below
More about this property
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