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Retail Center with Restaurant Space
For Lease
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2322 W Northern Ave, Phoenix, AZ

Centrally located retail center with built-out spaces and ample parking.

Property Size1,200 SF
Lot Size2.72 Acres
Days on Market361

Property Features for 2322 W Northern Ave

General Information

Standard status Active
Size 1,200 SF
Lot size 2.72 Acres
Property subtype RETAIL
Listing Agency: Capital Asset Management (CAM CRE)
Listed By: Horth Hong · License ##648243000
Source: Moodyscre
Added: Aug 4, 2025 Changed: Jul 6 Last Checked: Jul 21 at 3:11AM

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 Capital Asset Management (CAM CRE)

Investment Insights

Based on property information with market context.

This centrally located retail center is surrounded by many large employers. In-line retail spaces are available, as well as an end-cap space previously used as a restaurant; all equipment remains in the space. The property offers ample parking and easy access. It is surrounded by many national tenants and large companies, bringing a significant daytime population to the area. All spaces have been built out and include restroom(s), front and back entrances, and large windows for natural light. One available space is 1,200 square feet.

Key Highlights

  • Centrally located retail center surrounded by many large employers.
  • End cap space previously used as a restaurant with equipment still in place.
  • Lots of parking and easy access.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Big Box & Wholesale Store Dental Office

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

248
Businesses Nearby
Under-served
Demand for This Use

Market

Lease Benchmarks for Phoenix, AZ

$15.05 /SF/Yr
Avg Asking Price
$1.19–$32 /SF/Yr
Price Range
8,944 SF
Avg Space Size

This space is priced 20% below the average of $15.05 /SF/Yr.

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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Centrally located retail center with built-out spaces and ample parking.
Where is this shopping center located?
The property is located at 2322 W Northern Ave Phoenix, AZ.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Centrally located retail center surrounded by many large employers.; End cap space previously used as a restaurant with equipment still in place.; Lots of parking and easy access.
(602) 487-9745 Call to check price and availability
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