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  1. Retail Space
  2. AZ
  3. Tempe

University Square

For Lease 2,994 SF

215 West University Drive, Tempe, AZ 85281

Rental Details

  • Number of spaces 2
  • Total square feet available 2,994 SF
  • For Lease $1.58/SF/MO
  • Space Type Flex - Industrial
  • Lease Type Full Service
  • Latest Update Sep 2, 2026
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Reach out to the broker for more info on lease terms and amenities

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2 Spaces Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
225 West University Drive #210 Flex - Industrial $1.58/SF/MO 1,497 SF - Full Service

225 West University Drive #210

Space Type

Flex - Industrial

Lease Rate

$1.58/SF/MO

Additional Rent

Price on request

Total Space Available

1,497 SF

Divisible Space

499 - 1,497 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

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.

225 West University Drive #211 Flex - Industrial $1.58/SF/MO 1,497 SF - Full Service

225 West University Drive #211

Space Type

Flex - Industrial

Lease Rate

$1.58/SF/MO

Additional Rent

Price on request

Total Space Available

1,497 SF

Divisible Space

499 - 1,497 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

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.

225 West University Drive #210

Space Type
Flex - Industrial
Lease Rate
$1.58/SF/MO
Total Space
1,497 SF
Lease Type
Full Service
Space Type

Flex - Industrial

Lease Rate

$1.58/SF/MO

Additional Rent

Price on request

Total Space Available

1,497 SF

Divisible Space

499 - 1,497 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

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.

225 West University Drive #211

Space Type
Flex - Industrial
Lease Rate
$1.58/SF/MO
Total Space
1,497 SF
Lease Type
Full Service
Space Type

Flex - Industrial

Lease Rate

$1.58/SF/MO

Additional Rent

Price on request

Total Space Available

1,497 SF

Divisible Space

499 - 1,497 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Turnkey

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.

Contacts

MK
Mike Kasulaitis

Kidder Mathews

AA
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
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Year Built 1971
  • Date Updated Sep 2, 2026

Location

  • City Tempe, AZ
  • Neighborhood Peterson Park
  • Zip Code 85281
  • Market Phoenix
  • Map
  • Street
  • Walk score 92/100 Walker's Paradise
  • Transit score 68/100 Good Transit
  • Bike score 99/100 Biker's Paradise
Powered by Walk Score ®

Points of Interest

University Dr / Ash Ave

0.05 miles

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

chargepoint

0.85 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

Centerpoint

0.10 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

Whole Foods Market

0.04 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

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 19 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 19 retail listing(s), representing a total of 67,058 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). You can also find 1 Restaurant space(s). Additionally, leasing opportunities here include 1 Street Retail 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.

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