Nwc Frst Ave & University Dr Tempe, AZ 85281

Property Details for 0 Nwc Frst Ave & University Dr

Property size

2,959 SF

Property type

Retail properties

Description

This exceptional 2,959-square-foot retail property is ideally situated at the Northwest corner of Forest Avenue and University Drive in Tempe, Arizona. The single-tenant space offers significant potential for a variety of commercial uses. Located in Maricopa County, with a 85281 zip code, this three-story building benefits from its proximity to major transportation arteries, including easy access to the Loop 202 Red Mountain Freeway. The property's strategic location less than one mile from Sky Harbor International Airport and within a thriving urban downtown district places it in the heart of Tempe's dynamic commercial landscape. This area boasts a robust daytime population exceeding 134,000 employees and over 57,000 residents within a three-mile radius. The presence of Arizona State University, a major employer and tourist attraction, further enhances the area's economic vitality. Tempe's strong tourism sector, generating over $1 billion in revenue in 2022, contributes to a consistently high demand for commercial spaces. The area also benefits from the proximity of numerous large employers, including State Farm's new headquarters (projected 10,000+ employees), Chase Bank, Allstate, KPMG, Amazon, First Solar, US Airways, and many others. Recreational amenities such as Tempe Papago Park and Tempe Beach Park, along with the numerous events held annually at Tempe Town Lake and Tempe Beach Park, attract millions of visitors each year, creating a vibrant and active community. The area also features several hotels, providing ample accommodation for tourists and business travelers. This property presents a unique opportunity to establish a business in a high-traffic, high-growth area.