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Restaurant Space with Kitchen Equipment

114 W Adams Street #103, Phoenix, AZ 85003

For Lease
$14,000/Mo

Downtown Phoenix space combines a dining room and bar with substantial restaurant infrastructure.

Space SizeContact for details
Property Size3,262 SF
Days on Market426

Property Features for 114 W Adams Street #103

General Information

Standard status Active
Size 3,262 SF
Zoning C-DT / COMMERCI

Space & Availability

Space Use Restaurant
Available From Immediate

Site & Location

Neighborhood Central City

Restaurant

Equipment Included Yes
Walk-In Cooler/Freezer Yes

Taxes and HOA fees

Annual Taxes $8,316

Building Details

Building Size 3,262 SF
Year Built 1990
Buildings 1
Listing Agency: Versatile Properties
Listed By: Jeremy Solem · License #SA585119000
Source: Azhomeseekers
Added: Sep 10, 2025 Changed: Nov 7 Last Checked: Nov 8 at 7:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Versatile Properties

Rey
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Investment Insights

Based on property information with market context.

The 3,262-square-foot restaurant space is configured with a dining area, bar, kitchen, and storage. Kitchen equipment includes two Southwest six-burner ranges with convection ovens, a wood-fired grille, a Volcan electric oven, a range with flat top and standard oven, and a fryer. Cold storage includes a reach-in freezer, under-counter freezer, three-door bar refrigerator, walk-in cooler, walk-in wine cellar, wine fridge, and reach-in refrigerator.

The space is at 114 W Adams Street #103 in downtown Phoenix, within the Orpheum Lofts building. Zoning is listed as C-DT / COMMERCI. The building’s stated year built is 1990.

Key Highlights

  • 3,262‑square‑foot restaurant space at 114 W Adams Street #103
  • Dining area, bar, kitchen, and storage
  • Kitchen equipment includes two Southwest 6‑burner ranges with convection ovens, a wood‑fired grille, Volcan electric oven, flat‑top range, and fryer

Property Analytics

Current Use

MWC SOFTWARE (Bike/Boat/Book/etc) Store Thai Basil Signature ... Restaurant Taste It Tours Resort Shell Chiropractic Inc Alternative Medicine Practice

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Adult Day Care Veterinary Clinic Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$7.73 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,685
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85003, AZ

11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value

Market

Properties on Market for Conventional restaurants in Phoenix

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019
8.7% 2020
7.4% 2021
5.6% 2022
5.1% 2023
5.4% 2024
5.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Downtown Phoenix space combines a dining room and bar with substantial restaurant infrastructure.
Where is this conventional restaurant located?
The property is located at 114 W Adams Street #103 Phoenix, AZ.
What is the lease rate?
The lease rate is $14,000/Mo.
What are key features of this property?
This property features: 3,262‑square‑foot restaurant space at 114 W Adams Street #103; Dining area, bar, kitchen, and storage; Kitchen equipment includes two Southwest 6‑burner ranges with convection ovens, a wood‑fired grille, Volcan electric oven, flat‑top range, and fryer
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