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1015 N 1st Street, Phoenix, AZ

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1015 N 1st Street

Phoenix, AZ 85004-1907 - Downtown Phoenix Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1969
Building Size:3,999 SF Land Area:.16 AC (6,970 SF)
For Sale Price:$500,000 Price/SF:$125.03
Cap Rate:-
Parking:Free Surface spaces are available; Free Covered spaces; Ratio of 5/1,000 SF
3,999 SF is available to occupy upon purchase.

Sale Notes:
The subject property consists of a 3,999 SF building on a sizable .16 acre lot in the heart of Downtown Phoenix. The current tenant is on a month to month lease creating flexibility for any owner/user or investor looking for a well located opportunity in Downtown Phoenix.

The subject office property is located right in the heart of Downtown Phoenix, one of the fastest growing job markets and economies in the United States. The property is more specifically located on 1st St. between Roosevelt and Portland in the midst of great redevelopment in the immediate neighborhood. In addition to having direct access to the I-10 Freeway and being within walking distance of major sporting venues such as Chase Field and US Airways Arena, the building lies in the center of a Downtown that is experiencing significant and positive change. This location is surrounded by impressive urban amenities including living, shopping, arts, entertainment and parks. Beyond large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and both the ASU Downtown Campus and the U of A Phoenix Biomedical Campus, there is also a real grassroots effort by the city to create a true "downtown" community.

SVN - Desert Commercial Advisors
Justin Horwitz
(480) 425-5518

Paul Borgesen
(480) 425-5500

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