394 N 3rd Ave - Office FOR SALE


Phoenix, AZ 85003- Roosevelt Row
$1,500,000 USD
480-220-2674
394 N 3rd Ave, Phoenix, AZ for Sale
$1,500,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

394 N 3rd Ave
Phoenix, AZ 85003
Roosevelt Row


HIGHLIGHTS

  • Office building for sale in a highly desirable DT Phx location
  • Highly functional office layout with mostly private offices
  • Twelve dedicated parking spaces which is a premium in DT Phx
  • Neighboring lot (9,952 SF) for sale creating assemblage/expansion opportunities
  • Tremendous walkability in an area surrounded by countless amenities
  • Convenient access in and out of DT Phx

OVERVIEW

SVN is proud to present to the market for sale or lease this 3,433 SF office building in a prime location in Downtown Phoenix on a 8,856 SF lot. The property was recently remodeled and includes a highly functional office layout featuring mostly private offices, a large conference room, a kitchen, and two restrooms. The property features twelve parking spaces in a submarket in which dedicated parking is an absolute premium. It is worth noting that the Seller also owns the neighboring 9,952 SF lot creating opportunity for additional parking and future redevelopment opportunities on a premium site in Downtown Phoenix. Nestled in the heart of downtown Phoenix, this property sits amid a vibrant mix of historic charm and modern amenities. Walkability is a standout feature, with a wide array of dining, entertainment, and cultural options just steps away. The neighborhood is energized by ongoing development, including Class A office space and urban housing, drawing a steady stream of professionals, residents, and visitors. Notably, the area is home to several educational campuses including Arizona State University's downtown campus among others, enriching daytime foot traffic, providing a steady workforce pipeline, and enhancing the district’s dynamic, knowledge-driven identity. Strategically positioned with easy access to the I-10 Freeway, this property benefits from Phoenix’s expanding economic landscape and resilient demand.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$437 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,856 SF

ZONING

DTC-VANB

APN/PARCEL ID

111-41-076

ASK ABOUT THIS PROPERTY

Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

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Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

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