300 W Camelback Rd - Storefront Retail/Office FOR SALE


Phoenix, AZ 85013- Uptown Phoenix
$7,750,000 USD
602-757-1319
300 W Camelback Rd, Phoenix, AZ for Sale
$7,750,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 5.58% Cap Rate

300 W Camelback Rd
Phoenix, AZ 85013
Uptown Phoenix


HIGHLIGHTS

  • 18,599 SF on 1.20 Acres
  • Multi-Tenant Retail, Dining and Event Space
  • Contemporary Design Features
  • Vintage Queen Creek Adobe Brick
  • Strong Co-Tenancy
  • National Award Winning Mixed-Use Asset

OVERVIEW

Kocour Company is pleased to present The Newton Phoenix, a nationally recognized, award-winning mixed-use asset strategically located at the northwest corner of 3rd Avenue and Camelback Road in Uptown Phoenix—one of the city’s most established and supply-constrained submarkets. Situated on approximately 1.20 acres at a signalized hard corner along the light rail, the property encompasses 18,599 square feet of architecturally distinctive, multi-tenant retail, dining, and event space. Reimagined by Venue Projects, The Newton Phoenix represents a best-in-class adaptive reuse project that combines historic character with modern functionality, creating a durable and differentiated investment asset. Originally constructed as the iconic 1960s steakhouse Jay Newton’s Beefeaters, the property underwent a comprehensive renovation and reopened in 2014. The redevelopment preserved irreplaceable architectural elements while integrating contemporary design features, including floor-to-ceiling glass, exposed trussed ceilings, indoor-outdoor green space, and custom fireplaces constructed with vintage Queen Creek adobe brick. These elements create a unique experiential environment that drives tenant demand and sustained consumer traffic. The Newton benefits from strong co-tenancy and a curated mix of high-performing independent operators, including Changing Hands Bookstore, First Draft Book Bar, The Toasted Owl, Tesota, event venues, and meeting/event spaces. This complementary ecosystem fosters cross-traffic and enhances tenant stability through diversified revenue streams across retail, food & beverage, and event uses. Adjacent to the Rise Uptown Boutique Hotel and surrounded by dense residential historic neighborhoods and established retail corridors, the property is positioned as both a neighborhood anchor and regional destination. Its irreplaceable location, architectural authenticity, and proven tenant synergy create meaningful barriers to entry and long-term value preservation. The Newton Phoenix offers investors the opportunity to acquire a one of a kind stabilized, institutionally recognized asset with strong branding, embedded community presence, and durable positioning within one of Phoenix’s most desirable urban corridors.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

162-26-089

ASK ABOUT THIS PROPERTY

Brian KocourKocour CompanyMore Info
602-757-1319

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Brian KocourKocour CompanyMore Info
602-757-1319

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