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Ground-Floor Retail in Mixed-Use Tower
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777 N Central Ave, Phoenix, AZ 85004

Ground-floor retail suite within the Ray Phoenix mixed-use tower, surrounded by restaurants and retailers.

Space SizeContact for details
Property Size616 SF
Days on Market490

Property Features for 777 N Central Ave

General Information

Standard status Active
Size 616 SF
Property subtype RETAIL

Space & Availability

Floor Ground
Space Use Retail

Amenities

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

Building Details

Stories 26
Tenancy Multi
Listing Agency: Western Retail Advisors, LLC
Listed By: Bryan Babits · License #SA630590000
Source: Moodyscre
Added: Apr 2, 2025 Changed: Jul 30 Last Checked: Aug 4 at 3:40AM

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 luxury apartment and retail building in downtown Phoenix. The available space is 616 SF and offers direct street-level retail positioning.

Ray Phoenix is within the heart of downtown Phoenix and is adjacent to the Roosevelt Arts District, with the building surrounded by restaurants, shops, and retailers. The property includes features such as artist workshops, indoor gardens, co-working space, fitness studios, and on-site retail.

For tenant and customer parking, Ray Phoenix also includes a 4-story 132,000 SF parking garage. The building is designed as a mixed-use environment combining residential, shared work and amenity spaces, and ground-floor retail.

Key Highlights

  • 616 SF ground‑floor retail space at Ray Phoenix
  • Ray Phoenix is a 26‑floor luxury apartment and retail building with 401 units
  • Adjacent to the Roosevelt Arts District, surrounded by restaurants, shops, and retailers

Property Analytics

Current Use

Retail space

Suggested Use

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

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

5,728
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

Market

Lease Benchmarks for Phoenix, AZ

$14.32 /SF/Yr
Avg Asking Price
$0.69–$34.1 /SF/Yr
Price Range
6,452 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 suite within the Ray Phoenix mixed-use tower, surrounded by restaurants and retailers.
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: 616 SF ground‑floor retail space at Ray Phoenix; Ray Phoenix is a 26‑floor luxury apartment and retail building with 401 units; Adjacent to the Roosevelt Arts District, surrounded by restaurants, shops, and retailers
(602) 931-4491 Call to check price and availability
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