Restaurant Space at Metro
For Sale
Contact for pricing
3121 W Peoria Ave, Phoenix, AZ 85029
Restaurant space available in high-traffic Phoenix location near I-17.
Property Size17,755 SF
Days on Market269
Property Features for 3121 W Peoria Ave
General Information
Standard status
Active
Size
17,755 SF
Property subtype
Retail
Building Details
Building Size
17,755 SF
Year Built
2015
Listing Agency:
Western Retail Advisors, LLC
(602) 795-8670
Listed By:
Bryan Ledbetter · License #SA630590000
Source:
W-retail
Added: Nov 25, 2025
Changed: Aug 11
Last Checked: Aug 20 at 5:23AM
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.
Located at the southwest corner of Peoria Avenue and 31st Avenue in Phoenix, this restaurant space is situated in one of the area's most densely populated and heavily trafficked locations. The property benefits from its proximity to Interstate-17 Black Canyon Freeway. Metro Commons attracts customers from a trade area that includes ASU West, Glendale Community College, John C Lincoln Hospital, and DeVry University. Access to the property is facilitated by six ingress/egress points along 31st Avenue, Peoria Avenue, and Cochise Drive. The Northwest Light Rail Extension Phase II, scheduled for completion in 2024, will extend the light rail system 1.6 miles from its current terminus at 19th Avenue & Dunlap Avenue to the former Metrocenter Mall area. The property size is 17755 square feet.
Key Highlights
- Ideally located at the southwest corner of Peoria Avenue and 31st Avenue, a high‑traffic area in Phoenix.
- Adjacent to Interstate‑17 Black Canyon Freeway.
- Located in Metro Commons, drawing customers from ASU West, Glendale Community College, John C Lincoln Hospital, and DeVry University.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,655
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant space available in high-traffic Phoenix location near I-17.
Where is this restaurant located?
The property is located at 3121 W Peoria Ave Phoenix, AZ.
What are key features of this property?
This property features: Ideally located at the southwest corner of Peoria Avenue and 31st Avenue, a high‑traffic area in Phoenix.; Adjacent to Interstate‑17 Black Canyon Freeway.; Located in Metro Commons, drawing customers from ASU West, Glendale Community College, John C Lincoln Hospital, and DeVry University.
