Downtown Retail Condo

114 W Adams St. C-102 Phoenix, AZ 85003

114 W Adams St. C-102, Phoenix, AZ, 85003
114 W Adams St. C-102, Phoenix, AZ, 85003
FOR SALE
Property Type:
Street Retail
Amount:
$785,000
Last Verified:
Jun 03, 2020

Highlights

  • Second generation restaurant space
  • ±25 FT frontage on 1st Ave.
  • Near Light rail stop
  • Half-mile from ASU downtown
  • Quarter-mile from CityScape / Talking Stick Resort Arena / Block 23

Description

SVN Desert Commercial Advisors, as sole representation is proud to present for sale or lease C-102, a retail condo on the ground floor 1st Ave side of The Orpheum Lofts in Downtown Phoenix. Located on the NE corner of 1st Ave and W Adams this suite has it all. With a population of ±25,163 and a day time working population in excess of 66,000, there is plenty of traffic to maintain any tenant. The property is on the market as a second-generation restaurant space and can be rented with the existing fixtures if needed by the tenant. Factoring in the 11% projected increase in downtown population in the downtown core and 5+ new multifamily developments in the immediate vicinity and ASU a short walk away there are no other retail condos that have what this property offers.

Located on the NE corner of 1st Ave and W Adams St in the ground floor of the Orpheum Lofts building this suite has it all.

Building Size: 9620.0sq ft
Lot Size: 0.04 acres

Map of 114 W Adams St. C-102, Phoenix, AZ, 85003

Presented by:
Thumb_pic

Request additional information
Icon_9cc6e437fb


Icon_pic


Icon_7152035d20


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.