1437 N 1st St - Office FOR SALE


Phoenix, AZ 85004
$2,000,000 USD
602-327-0064
1437 N 1st St, Phoenix, AZ for Sale
$2,000,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

1437 N 1st St
Phoenix, AZ 85004


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

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

DTC-TWNPK

APN/PARCEL ID

111-35-091

ASK ABOUT THIS PROPERTY

Richard LewisSVN | Desert Commercial AdvisorsMore Info
602-327-0064

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Richard LewisSVN | Desert Commercial AdvisorsMore Info
602-327-0064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.