1614 W Roosevelt St - Light Manufacturing FOR SALE


Phoenix, AZ 85007
$4,615,000 USD
480-214-1103
1614 W Roosevelt St, Phoenix, AZ for Sale
$4,615,000 USD
Light Manufacturing - FOR SALE
1/22
null | 6.8% Cap Rate

1614 W Roosevelt St
Phoenix, AZ 85007


HIGHLIGHTS

  • Strategic Location Situated at 1614 W Roosevelt St
  • Expansive Land Area Spanning 1.99 acres
  • Extensive Parking Facilities
  • Versatile spaces offering a blend of creative office spaces and functions warehouse areas

OVERVIEW

Prime mixed-use creative office & warehouse and restaurant. The Armory is located at 1614 W Roosevelt St, Phoenix, AZ, and stands as a unique and versatile commercial real estate investment that seamlessly blends historic charm with modern functionality. Originally constructed for the National Guard, this building was sold to a visionary private developer in 2012 and meticulously transformed into a dynamic multitenant mixed-use space. Today, it stands as a premier destination for businesses seeking a functional and creative environment close to downtown Phoenix. Adjacent ±1.73 acres of land also potentially available for sale Expansive Land Area: Spanning 1.99 acres, the property provides ample space for diverse business operations, enhanced by a gated yard that ensures security and privacy. Abundant Parking: With extensive parking facilities, tenants and visitors can enjoy convenience and ease of access, a rare feature in downtown-adjacent properties. Versatile Spaces: The building offers a blend of creative office spaces and functional warehouse areas, catering to a wide range of business needs from innovative startups to established enterprises. Each unit comes equipped with its own private HVAC system and control, polished concrete floors, and LED lighting. The Armory also has a shared conference room, break room, and 3 shared restrooms. Historic Appeal with Modern Amenities: The property’s storied past as a National Guard facility adds a unique historical dimension, while its recent renovations ensure contemporary comfort and efficiency. Historically Registered: The historic register recognizes buildings, structures, sites, objects, and districts significant in local, regional, state, or national history, architecture, archaeology, engineering, and culture. Properties are listed on the register by being rezoned with a Historic Preservation (HP) zoning overlay. Once listed, properties are protected from demolition and other adverse alterations through a special development review process. These historically registered properties are also eligible to receive city incentives to assist with rehabilitation. Zoned PUD: The Planned Unit Development (PUD) zoning allows for a versatile mix of office, industrial, and entertainment uses, making it ideal for a wide range of business activities.

FOR SALE DETAILS

PRICE

$4,615,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Armory

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

120

LAND DETAILS

LAND ACRES

3.77

LAND SF

164,221

ZONING

PUD

APN/PARCEL ID

111-16-065B

ASK ABOUT THIS PROPERTY

Brandon KoplinCommercial Properties, Inc.More Info
480-214-1103

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Brandon KoplinCommercial Properties, Inc.More Info
480-214-1103

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