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  1. Retail Space
  2. AZ
  3. Tempe
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For Lease

University Square

215 West University Drive, Tempe, AZ 85281

2,994

SF Available

Rental Details

  • Number of spaces 2
  • Total square feet available 2,994 SF
  • For Lease $1.58/SF/MO
  • Space Types Flex - Industrial
  • Lease Type Full Service
  • Date Updated Apr 28, 2026
Want more info on this listing?

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

True

For Lease 2 Spaces Available

225 West University Drive #210

  • Space Type Flex - Industrial
  • Lease Rate $1.58/SF/MO
  • Total Space Available 1,497 SF
  • Divisible Space 499 - 1,497 SF
  • Available Date Immediate
  • Lease Type Full Service
  • Renewal Option Yes
  • Sublease No

This is a mixed use building of office/retail/industrial space. It has a prime ASU campus location and is in walking distance from downtown Mill Ave. The traffic count is 38,000 vehicles per day.

broker
Mike Kasulaitis

Kidder Mathews

broker
Aric Adams

Kidder Mathews

225 West University Drive #211

  • Space Type Flex - Industrial
  • Lease Rate $1.58/SF/MO
  • Total Space Available 1,497 SF
  • Divisible Space 499 - 1,497 SF
  • Available Date Immediate
  • Lease Type Full Service
  • Renewal Option Yes
  • Sublease No

This is a mixed use building of office/retail/industrial space. It has a prime ASU campus location and is in walking distance from downtown Mill Ave. The traffic count is 38,000 vehicles per day.

broker
Mike Kasulaitis

Kidder Mathews

broker
Aric Adams

Kidder Mathews

Contacts

broker
Mike Kasulaitis

Kidder Mathews

broker
Aric Adams

Kidder Mathews

Building Details

  • For Lease $1.58/SF/MO
  • Property Type Retail - Strip/Convenience
  • Property Size 38,652 SF
  • Lot Size 2.01 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1971
  • Date Updated Apr 28, 2026

Getting Around

  • Walk Score ®

    Walker's Paradise (92)
  • Transit Score ®

    Good Transit (68)
  • Bike Score ®

    Biker's Paradise (99)
Powered by Walk Score ®

Location

  • City Tempe, AZ
  • Neighborhood Peterson Park
  • Zip Code 85281
  • Market Phoenix
  • Map
  • Street

Points of Interest

9th St / Mill Ave

0.16 miles

5th St / Ash Ave

0.25 miles

6th St / Mill Ave

0.28 miles

11th St / Mill Ave

0.28 miles

3rd St / Ash Ave

0.40 miles

Mill Ave/ 3rd St

0.43 miles

3rd St / Mill Ave

0.47 miles

Veterans Way/ College Ave

0.50 miles

Tempe Beach Park / Rio Salado Pkwy

0.55 miles

Chevron

0.96 miles

Circle K

1.03 miles

Wallbox

1.13 miles

ChargePoint

1.17 miles

Watermark Visitor Parking

1.25 miles

Tesla Destination Charger

1.40 miles

QuikTrip

1.51 miles

Blink

1.89 miles

Shell

1.91 miles

CVS Parking Lot

0.13 miles

10th St. Parking Structure

0.29 miles

City Hall Visitor's Parking

0.32 miles

Lot 3

0.40 miles

University Towers Parking Structure

0.43 miles

Fulton Center Parking Structure

0.49 miles

Stadium Parking Structure

0.59 miles

Apache Parking Structure

0.65 miles

5th Street Deli and Market

0.44 miles

P.O.D. Warehouse

0.91 miles

Bharat Bazaar

1.02 miles

Trader Joe's

1.03 miles

Safeway

1.33 miles

Food City

1.62 miles

Fry's Food and Drug

1.92 miles

Ross

2.09 miles

Walmart Supercenter

2.10 miles

215 West University Drive Listing Summary

  • The Price for Retail Space at 215 West University Drive

    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. When it comes to 215 West University Drive, asking rent starts at $$1.58/SF/MO per square foot.

    215 West University Drive is located in the Peterson Park neighborhood, which is home to a total of 16 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.

  • Get to Know the Retail Scene in the Peterson Park Neighborhood

    215 West University Drive is located in the Peterson Park neighborhood of Tempe. The Peterson Park retail market offers 16 retail listing(s), representing a total of 59,449 square feet of retail space for lease.

    The most common retail type in the Peterson Park neighborhood is Flex - Industrial, of which the market currently offers 2 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 Peterson Park resident is 29 years old, and the median household income here is $71,787 per year.

Contact University Square
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