505 W Warner Rd, Tempe, AZ 85284
For Lease
This exceptional 50,134-square-foot retail or restaurant property presents a unique redevelopment opportunity in the thriving city of Tempe, Arizona. Situated at the southwest corner of Warner Road and Kyrene Road, this single-tenant building sits on a sizable 1.15-acre lot, offering significant potential for adaptive reuse or new construction. Built in 1989, the entire building is currently vacant, providing a blank canvas for a visionary developer. The property's zoning designation is PCC-2 Tempe, allowing for a variety of commercial uses. Its strategic location in Maricopa County, with easy access to major transportation arteries, ensures high visibility and accessibility for any future tenant. The address is 505 W Warner Rd, Tempe, AZ 85284. This property is ideal for businesses seeking a prominent location with substantial space for expansion or redevelopment in a dynamic and growing market. The existing structure offers a solid foundation for a variety of commercial ventures, from large-format retail to innovative restaurant concepts. The ample lot size provides flexibility for expansion or the incorporation of additional amenities. This is a rare opportunity to acquire a significant commercial property in a prime Tempe location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GID · Tempe, AZTempe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.