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    Southern Ave & Ml Ave Tempe, AZ 85282

    For Lease
    Contact for pricing

    Prime Tempe retail space, 1200 sq ft.

    Lot size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,200 square foot retail space is ideally situated at the high-traffic intersection of Southern Avenue and Mill Avenue in Tempe, Arizona. Located in Maricopa County, this single-tenant property offers a fantastic opportunity for a variety of businesses. The entire 1,200 square feet is currently vacant, providing a blank canvas for your vision. Previously occupied by a nail salon, the space is ready for immediate occupancy and customization to suit your specific needs. The property's prime location ensures high visibility and accessibility, benefiting from the significant foot and vehicle traffic characteristic of this bustling Tempe intersection. This presents a unique chance to establish a thriving business in a vibrant and well-connected area. The zip code is 85282. The property is classified as commercial retail. This is a single-tenant space, offering complete control and flexibility. Don't miss this chance to secure a prominent retail location in the heart of Tempe. The property is ready for immediate lease.

    Property Features for 0 Southern Ave & Ml Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF

    Unit(s) available at that property

    Space
    Suite 95
    Size
    1,200 SF

    HighLights

    • Less than 2 miles to Arizona State University.
    • One mile from Tempe High School (enrollment over 1,600 students).
    • High traffic counts and dense population density.
    • Half‑mile north of US Highway 60.
    • ±57,000 vehicles per day pass the property intersection.
    • Prime Tempe location, south of Downtown Tempe.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9395878
    Latitude
    33.3928639

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    FAQs

    What type of property is this?
    Retail property - Prime Tempe retail space, 1200 sq ft.
    Where is this retail property located?
    The property is located at Southern Ave & Ml Ave Tempe, AZ.
    What are key features of this property?
    This property features: Less than 2 miles to Arizona State University.; One mile from Tempe High School (enrollment over 1,600 students).; High traffic counts and dense population density.
    Request Owner's contact information
    Southern Ave & Ml Ave Tempe, AZ 85282
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    Tempe, AZ 85282
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Southern Ave & Ml Ave Tempe, AZ 85282
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