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Retail Suite with Reserved Parking

323-331 W McDowell Rd, Phoenix, AZ 85003

For Lease
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Retail suite includes 9 reserved parking spaces in front and additional parking to the rear.

Space Size5,800 SF
Days on Market335

Property Features for 323-331 W McDowell Rd

General Information

Standard status Active
Size 5,800 SF
Total Parking Spaces 9
Property subtype RETAIL
Lease Type NNN

Site & Location

Neighborhood Central City

Spaces For Lease

at 323-331 W McDowell Rd
331 W McDowell Rd $13.50/SF/Yr
Floor 1
Size 5,800 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
• Parking: Suite 331 has 9 reserved spaces in front and additional parking in the back. • Discount Available on the First-Year Rental Rate for Well Qualified Tenants • The Sky Lights throughout this suite bring in wonderful natural light throughout.
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Listing Agency: Commercial Property Connect
Listed By: Susan McCall, CCIM · License AZ BR552939000
Source: Moodyscre
Added: Dec 11, 2025 Changed: Nov 8 Last Checked: Nov 8 at 8:27AM

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 Commercial Property Connect

Rey
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Investment Insights

Based on property information with market context.

This retail suite (Suite 331) offers a functional storefront layout with skylights throughout, bringing in natural light. The suite also includes 9 reserved parking spaces directly in front, plus additional parking in the back for customer or staff use.

The property is located at 331 W McDowell Rd in Phoenix, Arizona.

The listing also notes that a discount may be available on the first-year rental rate for well-qualified tenants.

Key Highlights

  • Retail suite includes 9 reserved parking spaces in front
  • Additional parking available to the rear
  • Sky lights throughout the suite for natural light

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Pet Grooming Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Garden Center

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
$2.03 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,397
Businesses Nearby

Demographics for 85003, AZ

11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$20.97 /SF/Yr
Avg Asking Price
$2.65–$40 /SF/Yr
Price Range
5,880 SF
Avg Space Size

This space is priced 36% below the average of $20.97 /SF/Yr.

Properties on Market for Retail space in Phoenix

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - Retail suite includes 9 reserved parking spaces in front and additional parking to the rear.
Where is this retail space located?
The property is located at 323-331 W McDowell Rd Phoenix, AZ.
What is the lease rate?
The lease rate is $13.50 SF/Yr.
What are key features of this property?
This property features: Retail suite includes 9 reserved parking spaces in front; Additional parking available to the rear; Sky lights throughout the suite for natural light
(480) 452-6731 · Office Call to check price and availability
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