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Street-Level Retail Space with Parking
For Lease
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965 E University Dr, Tempe, AZ 85288

Street-level retail space within a new multi-tower development with access to substantial parking.

Space Size3,413 SF - 10,800 SF
Days on Market171

Property Features for 965 E University Dr

General Information

Standard status Active
Size 3,413 SF - 10,800 SF
Total Parking Spaces 475
Property subtype RETAIL

Additional Details

Floor Ground

Spaces For Lease

at 965 E University Dr Contact us

965 E University Dr

Floor
1
Size
10,800 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Revelry: A new luxury, multi-tower development delivering high-visibility, street-level...
show more
Contact us

965 E University Dr

Floor
1
Size
3,413 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Revelry: A new luxury, multi-tower development delivering high-visibility, street-level...
show more
Contact us
Listing Agency: Diversified Partners LLC
Listed By: Marti Weinstein · License #SA678882000
Source: Moodyscre
Added: Mar 13 Changed: Aug 29 Last Checked: Aug 29 at 7:02PM

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 Diversified Partners LLC

Investment Insights

Based on property information with market context.

This 10,800-square-foot retail space is positioned at street level within a new multi-tower development at 965 E University Dr in Tempe. The project includes retail beneath two Class A residential towers and provides 475 parking spaces for the development.

The property is near Arizona State University and professional offices, placing the space within a setting that includes both residential and daytime activity. Its retail format may accommodate a range of commercial concepts, subject to applicable approvals and tenant requirements.

Key Highlights

  • 10,800‑square‑foot retail space
  • Street‑level position beneath two Class A residential towers
  • New multi‑tower development

Property Analytics

Current Use

U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Veterinary Clinic Pet Grooming Service Dental Office Carpet & Flooring Store

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

1,259
Businesses Nearby
264k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 72% Groceries 17% Shops & Services 8% Hotels & Casinos 4%
Raising Cane's Chicken Fingers Dining
53,909 visits/mo 0.1 miles
Trader Joe's Groceries
43,746 visits/mo 0.1 miles
Dutch Bros. Coffee Dining
36,284 visits/mo 0.4 miles
Taco Bell Dining
21,591 visits/mo 0.5 miles
Buffalo Wild Wings Dining
20,124 visits/mo 0.2 miles

Market

Lease Benchmarks for Tempe, AZ

$18.79 /SF/Yr
Avg Asking Price
$15–$26 /SF/Yr
Price Range
30,783 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Street-level retail space within a new multi-tower development with access to substantial parking.
Where is this retail space located?
The property is located at 965 E University Dr Tempe, AZ.
What are key features of this property?
This property features: 10,800‑square‑foot retail space; Street‑level position beneath two Class A residential towers; New multi‑tower development
(480) 947-8800 Call to check price and availability
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