1437 1St St, Phoenix, AZ 85004
6,700 SF | 100% Leased | Office Building | Phoenix, AZ 85004 | $2,000,000 ($299/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,000,000
- Property Type
-
Office
- Square Feet
- 6,700 SF
- Price / Square Foot
- $299
Listing Contacts
Richard Lewis
Verified Profile
Justin Horwitz
Verified Profile
- Property Info
Property Overview
SVN Desert Commercial Advisors, as the sole representative of the Owner, is proud to present for sale 1437 N. 1st St. The subject property consists of a two-story, ±6,700 SF mixed-use retail and creative office building sitting on ±0.16 acres. A portion of the first floor is currently leased out to Giant Coffee, with the remainder being private office space and retail space. The Seller currently occupies the second-floor creative office space and intends to vacate prior to any Close of Escrow. With fantastic exposure to the midtown and downtown markets, this property is perfect for an owner-user with investment income in place.
The subject property is located right in the heart of Downtown Phoenix just south of 1st St. and McDowell Rd. The immediate neighborhood is experiencing major mixed-use multi-family and retail development with multiple projects under construction in the surrounding Downtown and Midtown submarkets. This site is extremely well located in the heart of Downtown Phoenix and is within walking distance from Roosevelt Row, the Metro Light Rail, Footprint Center, Chase Field, both the ASU and U of A Downtown campuses, and endless amounts of restaurant, retail, and recreational amenities. The property also allows for extremely convenient access to the I-10 Freeway. With easy Light Rail and freeway access, Sky Harbor International Airport is less than a 20-minute commute. Currently, Downtown Phoenix is in the midst of undergoing a dramatic transformation with 2,000+ apartment units being built or planned for construction and an abundance of office and retail businesses targeting this submarket. With a renewed urban vibrancy and a locally owned charm, Downtown Phoenix is becoming the epicenter for students and young professionals alike, creating tremendous demand for urban living.
The subject property is located right in the heart of Downtown Phoenix just south of 1st St. and McDowell Rd. The immediate neighborhood is experiencing major mixed-use multi-family and retail development with multiple projects under construction in the surrounding Downtown and Midtown submarkets. This site is extremely well located in the heart of Downtown Phoenix and is within walking distance from Roosevelt Row, the Metro Light Rail, Footprint Center, Chase Field, both the ASU and U of A Downtown campuses, and endless amounts of restaurant, retail, and recreational amenities. The property also allows for extremely convenient access to the I-10 Freeway. With easy Light Rail and freeway access, Sky Harbor International Airport is less than a 20-minute commute. Currently, Downtown Phoenix is in the midst of undergoing a dramatic transformation with 2,000+ apartment units being built or planned for construction and an abundance of office and retail businesses targeting this submarket. With a renewed urban vibrancy and a locally owned charm, Downtown Phoenix is becoming the epicenter for students and young professionals alike, creating tremendous demand for urban living.
Property Details
- Class
- B
- Year Built
- 1960
- Stories
- 2
- Lot Size (sq. ft)
- 6,970 SF
Highlights
- Upscale Creative Office/Retail Building For Sale
- Owner User Opportunity
- Investment Income from Tenants on First Floor & Additional Vacancy
- On Site Coffee Shop and Cafe, Leased to Giant Coffee
- Gated Private Parking in the Rear of Property
- Walking Distance to DT Phx Amenities and Light Rail | Immediate I-10 Freeway Access
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