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Four-Story Mixed-Use Building
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425 South Mill Avenue, Tempe, AZ 85281

Includes loft-style office space plus ground-floor retail for an owner-user to brand and occupy.

Property Size22,704 SF
Days on Market96

Property Features for 425 South Mill Avenue

General Information

Standard status Active
Size 22,704 SF
Class B
Total Parking Spaces 30
Property subtype Retail, Office, Mixed Use
Occupancy 28%
Investment Type Owner/User

Building Details

Year Built 2008
Buildings 1
Stories 4
Tenancy Multi
Listing Agency: Newmark - Phoenix
Listed By: Chris Marchildon · License #AZ SA633658000
Source: Crexi
Added: Jun 2 Changed: Aug 26 Last Checked: Sep 2 at 7:34PM

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 Newmark - Phoenix

Investment Insights

Based on property information with market context.

The property is a four-story mixed-use building offered as a fee simple interest at 425 South Mill Avenue. It includes creative loft-style office improvements designed to support a branded headquarters environment, along with retail space located on the ground floor.

Situated in Downtown Tempe, the building offers a combined office-and-retail setup in an urban core setting. This configuration allows the owner-occupant to maintain visibility and presence at street level while using the upper levels for office use.

For owner-users, the layout supports a straightforward strategy: occupy the loft-style office space while activating the ground floor retail offering. For investors, the same mix of uses can provide flexibility, with office improvements and a street-facing retail component within a single, fee simple asset.

Key Highlights

  • Four‑story mixed‑use asset in Downtown Tempe
  • Year built: 2008
  • Includes loft‑style office space

Property Analytics

Current Use

Colour Style Bar Hair Salon Comerica Bank Bank Elite on Mill Barber Shop Elevate Tickets, LLC Rental Equipment Company SeaTec Aviation Consultant

Suggested Use

Top Pick Building Supply Dental Office Auto Parts Store Electrical Service Storage Facility Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,359
Businesses Nearby

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes loft-style office space plus ground-floor retail for an owner-user to brand and occupy.
Where is this mixed-use property located?
The property is located at 425 South Mill Avenue Tempe, AZ.
What are key features of this property?
This property features: Four‑story mixed‑use asset in Downtown Tempe; Year built: 2008; Includes loft‑style office space
(602) 952-3862 Call to check price and availability
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