Contacts

Justin Horwitz

SVN | Desert Commercial Advisors

(480) 425-5518

Property Details

Property Type Office - General Office
Property Size 6,700 SF
Lot Size 0.16 Acre
Property Tenancy Multi-Tenant
Building Class B
Year Built 1960
Year Renovated 2018
Date Updated Apr 15, 2024

The subject property is located right in the heart of Downtown Phoenix just south of 1st St. and McDowell Rd. The immediate neighborhood is experiencing major mixed-use multi-family and retail development with multiple projects under construction in the surrounding Downtown and Midtown submarkets. This site is extremely well located in the heart of Downtown Phoenix and is within walking distance from Roosevelt Row, the Metro Light Rail, Footprint Center, Chase Field, both the ASU and U of A Downtown campuses, and endless amounts of restaurant, retail, and recreational amenities. The property also allows for extremely convenient access to the I-10 Freeway. With easy Light Rail and freeway access, Sky Harbor International Airport is less than a 20-minute commute. Currently, Downtown Phoenix is in the midst of undergoing a dramatic transformation with 2,000+ apartment units being built or planned for construction and an abundance of office and retail businesses targeting this submarket. With a renewed urban vibrancy and a locally owned charm, Downtown Phoenix is becoming the epicenter for students and young professionals alike, creating tremendous demand for urban living.SVN Desert Commercial Advisors, as the sole representative of the Owner, is proud to present for sale 1437 N. 1st Street. The subject property consists of a two-story, ±6,700 square-foot mixed-use retail and creative office building sitting on ±0.16 acres. A portion of the first floor is currently leased out to Giant Coffee, with the remainder being private office space and retail space. The building is an ideal opportunity for an owner user to utilize the vacant space or as the previous owner had done, occupy the 2nd floor and rent out the remaining vacant units on the 1st floor driving additional income offsetting expenses.

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Highlights

Upscale Creative Office/Retail Building For Sale
Owner User Opportunity in Remaining Vacant Space
Income in Place with Existing Tenant | Additional Income Potential from Current Vacancy
On-Site Coffee Shop & Cafe, Currently Leased to Giant Coffee
Gated Private Parking in the Rear | Additional Parking For Lease from Neighboring Owners
Dense Development in Immediate Neighborhood
Walking Distance to Downtown Phoenix Amenities & Light Rail
Immediate I-10 Freeway Access

Getting around

85/100
Walk Score ®
58/100
Transit Score ®
73/100
Bike Score ®

Powered by Walk Score ®

Location

City Phoenix, AZ
Neighborhood Downtown Phoenix
Zip Code 85004
Market Phoenix

Points of Interest

McDowell/ Central Ave

0.10 miles
Roosevelt/Central

0.43 miles
Encanto/ Central Ave

0.58 miles
Van Buren/ Central Ave

0.94 miles
Van Buren/ 1st Ave

0.95 miles
Thomas/ Central Ave

1.10 miles
Washington/ Central Ave

1.15 miles
3rd St/ Washington

1.18 miles
Jefferson/ 1st Ave

1.23 miles
3rd St/ Jefferson

1.33 miles

Blink

0.16 miles
Mobil

0.56 miles
Circle K

0.62 miles
Circle K

0.65 miles
Circle K

0.72 miles
Circle K

0.74 miles
Mobil

1.02 miles
Circle K

1.08 miles
SemaConnect Network

1.09 miles
Blink

1.12 miles

CVS parking

0.04 miles
Museum Parking

0.14 miles
RR Donnelley Parking

0.20 miles
Church Parking

0.21 miles
Ace Parking

0.42 miles
Kenilworth School Parking

0.51 miles
Roosevelt Point

0.54 miles
University Center Parking Garage

0.85 miles
Arizona Center Parking

0.85 miles
Lot C Garage

0.90 miles

Coronado Hotel & Motel

0.59 miles
HI Phoenix - The Metcalf House

0.69 miles
Fairfield Inn & Suites Phoenix Midtown

0.75 miles
Holiday Inn Express Phoenix Downtown

0.78 miles
AC Hotel

0.89 miles
Hampton Inn & Suites Phoenix Downtown

0.92 miles
Sheraton Grand Phoenix

0.93 miles
Westin Phoenix Downtown

0.95 miles
Hotel San Carlos

1.04 miles
SureStay Hotel by Best Western Phoenix Downtown

1.04 miles

Safeway

0.28 miles
Phoenix General

0.46 miles
My Florist Plaza

0.56 miles
Fry's Food and Drug

1.25 miles
Sprouts Farmers Market

1.64 miles
Safeway

1.69 miles
Natural Grocers

2.11 miles
Latino Market

2.30 miles
Food City

2.83 miles
AJ's

3.09 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.