Rural & University Mixed Use Development Site

About Rural & University Mixed Use Development Site

Cushman & Wakefield is pleased to present a unique opportunity to acquire an exceptional infill land parcel in the heart of the prestigious Tempe North submarket in Tempe, Arizona. Fronting University Drive on the North and Rural Road on the West, the property is comprised of 3.12 acres (135,831 square feet), made up of six (6) separate but contiguous parcels of land under single ownership, offering an opportunity to develop a high-profile mixed use project with tremendous visibility and access to the robust population in the area.

With a small strip center and two (2) stand-alone buildings currently on the site, all with finite lease expiration dates, an investor retains the imbedded benefit of obtaining net operating income while working through development planning. The property’s high-profile location, spacious setting, walkable amenities, and immediate access to Arizona State University and the Tempe North retail/hospitality/office setting, make this offering a one of a kind investment opportunity in the market.