Prime DT Phx Property for Sale

702-710 N. Central Ave Phoenix, AZ 85004

FOR SALE
Property Type:
Street Retail
Amount:
$6,950,000
Last Verified:
Feb 13, 2019

Highlights

  • Premier Central Ave Frontage | Direct Light Rail Access
  • Walking distance to Roosevelt Row, and ASU DT Phx Campus
  • Surrounded by Major Redevelopment | Immediate Proximity to I-10 Freeway
  • Sufficient On Site Parking | 32 Total Spaces

Description

The subject property consists of a two story ±18,058 SF retail building currently occupied by The Grand, a 24/7 restaurant and coffee shop, and Club Downtown, a prominent night club. The site consists of a ±0.80 AC lot in the heart of Downtown Phoenix. The buildings were built in 1958 and have been recently renovated by the current owner with exposed ceilings and industrial finishes throughout.

The subject office property is located in the heart of Downtown Phoenix, one of the fastest growing job markets and economies in the United States. In addition to having direct access to the I-10 Freeway and being within walking distance of major sporting venues such as Chase Field and US Airways Arena, the building lies in the center of a Downtown that is experiencing significant and positive change. This location is surrounded by impressive urban amenities including living, shopping, arts and entertainment. Beyond large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and both the ASU Downtown Campus and the U of A Phoenix Biomedical Campus, there is also a real grassroots effort by the city to create a true "downtown" community.


Year Built: 1958
Building Size: 18058.0sq ft
Lot Size: 0.8 acres

Map of 702-710 N. Central Ave , Phoenix, AZ, 85004

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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:

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