- For Lease Contact for pricing
- Property Type Retail - Street Retail
- Property Size 45,956 SF
- Date Updated May 12, 2026
Description
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
Highlights
- 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.
True
1 Space Available
AVAILABLE
Space Type
Retail
Lease Rate
Contact for pricing
Total Space
45,956 SF
Divisible Space
45,956 - 45,956 SF
Available Date
Immediate
Lease Type
NNN
Renewal Option
Yes
Sublease
No
Contacts
Bryan Ledbetter
Western Retail Advisors
Location
Located at 12645 N 48th St, Phoenix, AZ 85032, this property is part of the Paradise Valley Village neighborhood and Phoenix market.
Contact Listing Broker
Bryan Ledbetter
Western Retail Advisors
