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For Lease

Village Fair North

12645 N 48th St, Phoenix, AZ 85032

45,956

SF Available
Positioned in the high-traffic retail corridor of north Phoenix / Paradise Valley, this 45,956 SF anchor site at 12645 N 48th St offers exceptional visibility and access to one of the most active retail trade areas in the Phoenix metro. The property is surrounded by an evolving mix of established and emerging retail, dining, services and lifestyle destinations and sits just minutes from the transformational PV development - the reimagined Paradise Valley Mall site that is being redeveloped into a vibrant mixed-use district featuring Whole Foods Market, Sephora, Wren House Brewing, Blanco Reserva, Lifetime Fitness and numerous other retail, restaurant and experiential concepts with additional upscale dining and specialty tenants coming online in 2026 - enhancing the draw for customers, residents and employees alike. This site benefits from strong nearby household density, significant daytime population and excellent regional connectivity, making it ideal location for those looking to capitalize on one of the fastest-improving retail nodes in north Phoenix.Anchor Space for Lease

Key features

  • Directly across the street from the PV mixed-use destination, a $2 billion redevelopment of the former Paradise Valley Mall, with national and local retail, restaurants, offices and residences underway including Whole Foods, Sephora, Flower Child, Blanco Reserva, Federal Pizza and Lifetime Fitness.
  • Excellent access to 48th Street, Cactus Road and Tatum Blvd, with high regional traffic counts.
  • Prime retail anchor location in the north Phoenix / Paradise Valley trade area.
  • Significant nearby population and daytime workforce supporting retail demand.
  • Surrounded by strong retail nodes including daily-necessity anchors, specialty shops, fitness, services and more.

Rental Details

  • Number of spaces 1
  • Total square feet available 45,956 SF
  • For Lease Contact for pricing
  • Space Types Retail
  • Lease Type NNN
  • Date Updated May 15, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

For Lease 1 Space Available

AVAILABLE

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 45,956 SF
  • Divisible Space 45,956 - 45,956 SF
  • Available Date Immediate
  • Lease Type NNN
  • Renewal Option Yes
  • Sublease No
broker
Bryan Ledbetter

Western Retail Advisors

Contacts

broker
Bryan Ledbetter

Western Retail Advisors

Building Details

  • For Lease Contact for pricing
  • Property Type Retail - Street Retail
  • Property Size 45,956 SF
  • Date Updated May 15, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Somewhat Walkable (68)
  • Transit Score ®

    Some Transit (35)
  • Bike Score ®

    Very Bikeable (71)
Powered by Walk Score ®

Location

  • City Phoenix, AZ
  • Neighborhood Paradise Valley Village
  • Zip Code 85032
  • Market Phoenix

Points of Interest

19th Ave/ Dunlap

7.52 miles

Northern/ 19th Ave

7.84 miles

Glendale/ 19th Ave

8.32 miles

Central Ave/ Camelback

8.53 miles

7th Ave/ Camelback

8.81 miles

Campbell/ Central Ave

8.85 miles

19th Ave/ Montebello

9.00 miles

Indian School/ Central Ave

9.16 miles

19th Ave/ Camelback

9.45 miles

Costco Gasoline

0.56 miles

Mobile

0.66 miles

Circle K

0.78 miles

Sumperpumper

1.21 miles

Blink

1.29 miles

Fry's Gas Station

1.33 miles

Safeway

1.74 miles

QuikTrip

2.04 miles

Arco

2.14 miles

Promenade Garage

3.92 miles

BLDG Contractor Lot

3.99 miles

South Staff Lot H

4.00 miles

Staff Lot G

4.02 miles

Staff Lot C

4.08 miles

North Staff Lot H

4.09 miles

Staff Lot D

4.11 miles

South Staff Lot F

4.13 miles

North Staff Lot F

4.25 miles

Walmart Supercenter

0.32 miles

Aldi

0.56 miles

JCPenney

0.58 miles

TJ Maxx

0.59 miles

Target

0.74 miles

Smart & Final Extra!

0.83 miles

Ross

1.06 miles

Whole Foods Market

1.08 miles

Trader Joe's

1.21 miles

12645 N 48th St Listing Summary

  • The Price for Retail Space at 12645 N 48th St

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.

    12645 N 48th St is located in the Paradise Valley Village neighborhood, which is home to a total of 48 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 12645 N 48th St

    The property exclusively contains Retail space totaling 45,956 square feet. The leasing opportunity here is available under NNN lease terms.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. The property includes 1 large retail space(s) of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Paradise Valley Village Neighborhood

    12645 N 48th St is located in the Paradise Valley Village neighborhood of Phoenix. The Paradise Valley Village retail market offers 48 retail listing(s), representing a total of 215,963 square feet of retail space for lease.

    The most common retail type in the Paradise Valley Village neighborhood is Strip, of which the market currently offers 3 space(s). You can also find 1 Street Retail space(s). Additionally, leasing opportunities here include 1 Freestanding space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Paradise Valley Village resident is 40 years old, and the median household income here is $101,848 per year.

Contact Listing Broker
broker
Bryan Ledbetter

Western Retail Advisors

  1. 1Main information
  2. 2Extra information
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