301 W Osborn Rd - Office FOR SALE


Phoenix, AZ 85013
$4,000,000 USD
602-344-9258
301 W Osborn Rd, Phoenix, AZ for Sale
$4,000,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

301 W Osborn Rd
Phoenix, AZ 85013


HIGHLIGHTS

  • 40,000+/- Square Feet- Solid Concrete Construction With Approximately 12’ Ceiling Heights
  • Subterranean Parking Garage With 66+ Spaces & an Additional 39 Above Ground Parking Spaces
  • Contiguous to Park Central, Home to Creighton University, Class A Office, & Retail / Restaurants
  • Zoned C1 / HR Allowing for a Large Variety of Uses
  • Minutes to the Heart of Both Downtown & Uptown Phoenix
  • Perfect for Office Conversion to Multifamily, Hospitality, or for a Commercial End-User

OVERVIEW

301 West Osborn Road is a fantastic value-add / office conversion opportunity located in the heart of Midtown Phoenix. The property sits contiguous to the large Park Central development in midtown, home to Creighton University along with Class-A office space, retail, and restaurants. It is also walking distance to two light rail stations, the closest sitting out front of Park Central, less than two blocks away. Park Central, contiguous to the property, combines its rich midcentury-modern history with a focus on technology, innovation, and design, including all the most sought-after features in today’s office and retail market. Park Central’s original design as an outdoor regional mall provides a unique opportunity to utilize features that are attractive to today’s “new economy” office users. With a nod toward its past and an eye toward the future, Park Central provides visitors and employees easy access to major nearby freeways — and more importantly, two light rail stations — proximity to some of Phoenix’s hottest neighborhoods and housing, and all the benefits of being at the heart of Phoenix’s urban core along with being minutes to the heart of both Downtown and Uptown Phoenix. 301 West Osborn Road is a 40,000+/- square feet concrete-constructed building, built in 1970. The building is four stories along with a subterranean parking garage that houses approximately 66 parking spaces (there are 39 additional spaces above ground). The property is zoned C1 / HR allowing for a wide variety of uses. The building has been stripped back to the concrete shell and has approximately 12’ ceiling heights allowing an investor a clean slate for a reposition / repurpose / conversion project. Additionally, recent upgrades / updates have been done to the parking garage structure at a substantial cost. This is a prime opportunity for a bite-sized office conversion project or for a commercial end user. Given the location and proximity to Park Central, Creighton University, Downtown Phoenix, and Uptown, this property could be a very successful short term rental project as well. This location is as central as it gets with many dining, shopping, and entertainment options, as well as multiple freeway access points all within minutes. This is a great value-add opportunity in a great location and will allow future tenants to enjoy, with ease, so much of what Midtown, Downtown and Uptown have to offer.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Midtown Phoenix Value-Add / Office Conversion

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-1, HR Phoenix

APN/PARCEL ID

118-38-128G

ASK ABOUT THIS PROPERTY

John KlocekABI MultifamilyMore Info
602-344-9258

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John KlocekABI MultifamilyMore Info
602-344-9258

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