3243 N 3rd St - Restaurant FOR SALE


Phoenix, AZ 85012- Encanto
$4,295,000 USD
602-757-1319
3243 N 3rd St, Phoenix, AZ for Sale
$4,295,000 USD
Restaurant - FOR SALE
1/23
null | Request Cap Rate

NEW


3243 N 3rd St
Phoenix, AZ 85012
Encanto


HIGHLIGHTS

  • Artful Real Estate Opportunity
  • Multiple concepts/uses potentials.
  • Located in Mid-Town Phoenix with high employment and population.
  • Large common areas in addition to multiple patios
  • Property consists of 5 buildings to total 6,136 SF.
  • Please Do Not Disturb Tenant.

OVERVIEW

Kocour Company is pleased to offer this iconic restaurant building known as Ocotillo. Ocotillo is located at the corner of Third Street and Flower in Midtown Phoenix. The indoor/outdoor design blends native desert flora with modern architecture.  The inviting indoor space has a full-service bar, dining room and a communal wine events area. Outdoors, you will find several unique spaces including the Ramada, the Flower Street patio, the Beer Garden, Lucy’s lawn and the Sidecar Cocktail Lounge. The buildings surround and compose a dramatic outdoor dining and event courtyard complete with lush shady landscaping and multiple patios. The property features a multitude of community space with enclaves of gathering spaces with an event lawn, communal tables, seating ramadas, and nook seating throughout the property. Naturally rusted corrugated panels and steel canopies carve the intimate sections of the indoor/outdoor compound. A second story cargo container also features office space. All Furniture, Fixtures and Equipment can be made available. Embraced by resident's valley wide, this legacy dining and event venue offers a truly authentic Phoenix, Arizona experience. Ocotillo is a one-of-a-kind collector property that will appreciate in time.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$700 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,613 SF

ZONING

C-T

APN/PARCEL ID

118-22-162

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.