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

Anchor-format retail space with visibility and access in an established north Phoenix trade area.

Space Size13,542 SF - 45,956 SF
Days on Market3

Property Features for 12645 N 48th St

General Information

Standard status Active
Size 13,542 SF - 45,956 SF
Net Rentable 45,956 SF
Property subtype Retail - Street Retail

Space & Availability

Available Space 45,956 SF
Contiguous Space 45,956 SF
Space Use Retail

Building Details

Building Size 45,956 SF

Spaces For Lease

at 12645 N 48th St Contact us

12639

Size
13,542 SF
Type
Retail
Rate
Contact for pricing
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us

12645

Size
45,956 SF
Type
Retail
Rate
Contact for pricing
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Western Retail Advisors
Listed By: Bryan Ledbetter · License #SA115322000
Source: Commercialcafe
Added: Sep 1 Changed: Sep 3 Last Checked: Sep 2 at 1:10PM

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

Investment Insights

Based on property information with market context.

The property is a 45,956-square-foot anchor retail space at 12645 N 48th St in Phoenix. Its placement within a north Phoenix retail corridor provides visibility and access, with surrounding retail, dining, service, and lifestyle businesses contributing to the commercial setting.

The site is minutes from the redevelopment of the Paradise Valley Mall property, a mixed-use district planned to include Whole Foods Market, Sephora, Wren House Brewing, Blanco Reserva, Lifetime Fitness, and additional retail and restaurant concepts. The surrounding area also includes significant household density and daytime population, while regional connectivity supports access to the broader Phoenix metropolitan area.

Key Highlights

  • 45,956 SF anchor retail space
  • Located at 12645 N 48th St, Phoenix, AZ 85032
  • Positioned in a north Phoenix retail corridor

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.

Lease Details

NNN (Triple Net)
Lease Type

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

Lease Benchmarks for Phoenix, AZ

$16.74 /SF/Yr
Avg Asking Price
$1.13–$32 /SF/Yr
Price Range
6,597 SF
Avg Space Size

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Anchor-format retail space with visibility and access in an established north Phoenix trade area.
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: 45,956 SF anchor retail space; Located at 12645 N 48th St, Phoenix, AZ 85032; Positioned in a north Phoenix retail corridor
More about this property
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