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Downtown Ground-Floor Retail Space
For Lease
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777 N Central Ave, Phoenix, AZ 85004

Ground-floor retail space available within Ray Phoenix, a 26-story luxury apartment and retail tower in downtown Phoenix.

Space Size3,260 SF
Days on Market530

Property Features for 777 N Central Ave

General Information

Standard status Active
Size 3,260 SF
Property subtype RETAIL

Amenities

artist workshops
indoor gardens
co-working space
fitness studios
parking garage

Building Details

Stories 26
Tenancy Multi

Spaces For Lease

at 777 N Central Ave Contact us

777 N Central Ave - North Retail

Floor
1
Size
3,260 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Ground floor retail space available in Downtown Phoenix - Ray Phoenix is a 26 floor...
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Listing Agency: Western Retail Advisors, LLC
Listed By: Bryan Babits · License #SA628527000
Source: Moodyscre
Added: Apr 2, 2025 Changed: Sep 5 Last Checked: Sep 13 at 11:41AM

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 Western Retail Advisors, LLC

Investment Insights

Based on property information with market context.

Ground-floor retail space is available within Ray Phoenix, a 26-floor tower that includes 401 unit luxury apartments and retail. The building features retail space along with amenities such as indoor gardens, co-working space, and fitness studios, all supported by a four-story 132,000 SF parking garage.

The property is located in downtown Phoenix, adjacent to the Roosevelt Arts District, and is surrounded by restaurants, shops, and retailers. This setting offers a built-in urban retail environment within an active mixed-use address.

Key Highlights

  • Ground‑floor retail space available in Ray Phoenix, a 26‑story luxury apartment and retail tower in downtown Phoenix
  • Ray Phoenix includes retail alongside a 401‑unit luxury apartment building
  • Building is adjacent to the Roosevelt Arts District and surrounded by restaurants, shops, and retailers

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Wine and Liquor Store Acupuncture Nursing Home Adult Day Care

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,575
Businesses Nearby

Demographics for 85004, AZ

8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$17.84 /SF/Yr
Avg Asking Price
$1.19–$32 /SF/Yr
Price Range
6,213 SF
Avg Space Size

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor retail space available within Ray Phoenix, a 26-story luxury apartment and retail tower in downtown Phoenix.
Where is this retail space located?
The property is located at 777 N Central Ave Phoenix, AZ.
What are key features of this property?
This property features: Ground‑floor retail space available in Ray Phoenix, a 26‑story luxury apartment and retail tower in downtown Phoenix; Ray Phoenix includes retail alongside a 401‑unit luxury apartment building; Building is adjacent to the Roosevelt Arts District and surrounded by restaurants, shops, and retailers
(602) 931-4491 Call to check price and availability
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