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Retail Space in Downtown Tempe
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704 S College Ave, Tempe, AZ

Retail space available in a new urban apartment development.

Property Size3,074 SF
Lot Size0.61 Acres
Days on Market436

Property Features for 704 S College Ave

General Information

Standard status Active
Size 3,074 SF
Lot size 0.61 Acres
Property subtype RETAIL
Listing Agency: Western Retail Advisors, LLC
Listed By: Kalen Rickard · License #SA623748000
Source: Moodyscre
Added: May 21, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:09AM

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.

This retail space is located in a new 380-unit urban apartment development. The site is situated in Downtown Tempe, adjacent to Arizona State University's Tempe Campus. Downtown Tempe attracted 9.6 million visitors in 2024, according to Placer.ai. As of 2024, Tempe has over 186,000 residents and approximately 109,000 employed individuals. The property offers 3,074 square feet of retail space.

Key Highlights

  • New 380‑unit urban apartment development.
  • Located in Downtown Tempe.
  • Adjacent to Arizona State University (Tempe Campus).

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Electrical Service

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

Location Intelligence

Trade Area within ½ mile

2,526
Businesses Nearby
173k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 67% Shops & Services 14% Leisure 8% Hotels & Casinos 5%
Chick-fil-A Dining
33,031 visits/mo 0.5 miles
Buffalo Wild Wings Dining
20,124 visits/mo 0.4 miles
Chevron Shops & Services
16,411 visits/mo 0.5 miles
Jack in the Box Dining
13,708 visits/mo 0.4 miles
AMC Centerpoint 11 Leisure
13,061 visits/mo 0.5 miles

Market

Lease Benchmarks for Tempe, AZ

$16.38 /SF/Yr
Avg Asking Price
$15–$18 /SF/Yr
Price Range
61,201 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available in a new urban apartment development.
Where is this retail space located?
The property is located at 704 S College Ave Tempe, AZ.
What are key features of this property?
This property features: New 380‑unit urban apartment development.; Located in **Downtown Tempe**.; Adjacent to **Arizona State University (Tempe Campus)**.
(602) 931-4492 Call to check price and availability
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