DT PHX Upscale Mixed Use Building For Sale
1437 N. 1st St
Phoenix, AZ 85004
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
Description
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.
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.
