1331 E Rio Salado Pkwy, Tempe, AZ

Listing agent Brian Ackerman Show Phone

Listing office Colliers | Phoenix Show Phone

Listing date Jan 8, 2025

Source Moodyscre

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Overview

This is a new build office asset completed in September 2023, located in the North Tempe submarket. The property features three stories with flexible floorplates suitable for various tenant sizes. It is situated in a rare opportunity zone among Tempe Town Lake properties and includes significant acreage with frontage on Rio Salado Parkway. The property is located inside the Novus Innovation Corridor, a 355-acre mixed-use development that combines office, residential, retail, and hospitality options adjacent to ASU. It is across the street from South Pier, where Phase 1 construction is underway for 724 apartment units and 26,000 square feet of retail. Subsequent phases of South Pier include plans for more than 2,500 residential units, two luxury hotels, a two-acre public park, and a multi-acre entertainment district. The property offers 147,495 square feet of space.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Tempe

County

Maricopa

State

Arizona

Longitude

-111.96

Latitude

33.4295

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FAQs

What type of property is this?

Office building - New office building in Tempe's Novus Innovation Corridor.

Where is this office building located?

The property is located at 1331 E Rio Salado Pkwy Tempe, AZ.

What are key features of this property?

This property features: Below replacement cost for a new (September 2023) trophy asset; Located in a rare opportunity zone near Tempe Town Lake; Significant acreage with frontage on Rio Salado Parkway