Matthews Logo

Navigation Menu

2309 E University Dr, Tempe, AZ, 85281

2309 E University Dr
$3,600,000

Key Information

Lot Size
0.86 Acres
Year Built
1986
Type
Retail

Highlights

  • Exceptional Traffic & Visibility: Strategically positioned along the Loop 101 freeway near a high-traffic exit with approximately 119,000 vehicles per day (VPD), and directly fronting E University Drive with an additional ±34,600 VPD, delivering outstanding daily exposure within a major commercial corridor ideal for retail, convenience, or service-oriented uses.
  • Strong and Expanding Population Base: The surrounding trade area includes ±122,619 residents within a ±3-mile radius and ±307,165 within ±5 miles, offering strong consumer density for retail, QSR, or mixed-use redevelopment concepts.
  • Attractive Demographic Profile: Located within the dynamic Tempe submarket, the area features a young, well-educated population with a median household income of approximately $77,643—anchored by Arizona State University and a growing employment base.
  • Well-Maintained Site: Clean, functional layout with easy ingress/egress and ample on-site parking to support strong convenience store traffic.
  • NEW: Potential 100% Bonus Depreciation in Year One – Fee simple ownership of a gas station provides the landlord the opportunity to use the accelerated bonus depreciation model (consult with your CPA)

Photos

Location

Agents

Broker of Record

David Harrington

License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251