- 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
Description
University Square is a 38,652-square-foot strip center situated on a 2.01-acre lot in Tempe's Peterson Park neighborhood. The multi-tenant property was built in 1971 and offers a well-established space for retail businesses. Its location within the area makes it a prime option for companies seeking visibility and accessibility in this bustling part of the city.
The property boasts a Walk Score of 92 out of 100 points, indicating that most destinations in the area can be reached on foot. Public transportation is readily available, with the University Dr / Ash Ave stop approximately 0.05 miles away and several others within walking distance, including Mill Ave/3rd St and Veterans Way/College Ave. Nearby parking options include Centerpoint about 0.1 miles away and CVS Parking Lot at roughly 0.13 miles, making the location highly practical for both customers and employees.
True
2 Spaces Available
225 West University Drive #210
Flex - Industrial
$1.58/SF/MO
1,497 SF
499 - 1,497 SF
Immediate
Full Service
Yes
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
499 - 1,497 SF
Immediate
Full Service
Yes
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
Kidder Mathews
Kidder Mathews
