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Prime Phoenix Retail Anchor Space
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12645 N 48th St, Phoenix, AZ 85032

High-visibility anchor space in a rapidly evolving retail corridor.

Property Size45,956 SF
Days on Market168

Property Features for 12645 N 48th St

General Information

Standard status Active
Size 45,956 SF
Property subtype Retail

Building Details

Building Size 45,956 SF

Properties For Sale

at 12645 N 48th St Contact us

12639

Size
13,542 SF
Term
Negotiable
Contact us

12645

Size
45,956 SF
Term
Negotiable
Contact us
Listing Agency: Western Retail Advisors, LLC
Listed By: Bryan Ledbetter · License #SA630590000
Source: W-retail
Added: Mar 6 Changed: Aug 8 Last Checked: Aug 21 at 4:36AM

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.

This 45,956 SF anchor site is positioned in the high-traffic retail corridor of north Phoenix / Paradise Valley. The property offers visibility and access to one of the most active retail trade areas in the Phoenix metro. It is surrounded by an evolving mix of established and emerging retail, dining, services and lifestyle destinations. The location is minutes from the PV mixed-use destination, a $2 billion redevelopment of the former Paradise Valley Mall, which includes Whole Foods, Sephora, Flower Child, Blanco Reserva, Federal Pizza and Lifetime Fitness. Additional upscale dining and specialty tenants are planned for 2026. The site benefits from strong nearby household density, significant daytime population and excellent regional connectivity. It has excellent access to 48th Street, Cactus Road and Tatum Blvd, with high regional traffic counts.

Key Highlights

  • Prime anchor space in high‑traffic north Phoenix/Paradise Valley retail corridor.
  • Directly across from the $2 billion PV mixed‑use redevelopment (Paradise Valley Mall) featuring Whole Foods, Sephora, Lifetime Fitness, and other retailers and restaurants.
  • Exceptional visibility and access at 12645 N 48th St.

Property Analytics

Current Use

Best Buy Outlet Electronics & Wireless Store Magnolia Home Theater Electronics & Wireless Store

Suggested Use

Top Pick Building Supply Auto Parts Store Real Estate Agency Big Box & Wholesale Store Storage Facility Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

506
Businesses Nearby

Demographics for 85032, AZ

68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value

Market

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019
8.7% 2020
7.4% 2021
5.6% 2022
5.1% 2023
5.4% 2024
5.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility anchor space in a rapidly evolving retail corridor.
Where is this retail space located?
The property is located at 12645 N 48th St Phoenix, AZ.
What are key features of this property?
This property features: Prime anchor space in high‑traffic north Phoenix/Paradise Valley retail corridor.; Directly across from the $2 billion PV mixed‑use redevelopment (Paradise Valley Mall) featuring Whole Foods, Sephora, Lifetime Fitness, and other retailers and restaurants.; Exceptional visibility and access at 12645 N 48th St.
More about this property
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