Mixed-Use Live-Work
For Sale
$875,500
141-610 E Roosevelt St, Phoenix, AZ 85004
Street-level salon space pairs with a separate upstairs apartment in Downtown Phoenix’s Roosevelt Row Arts District.
Property Size1,750 SF
Price / SF$500.29
Days on Market149
Property Features for 141-610 E Roosevelt St
General Information
Standard status
Active
Size
1,750 SF
Taxes and HOA fees
Annual Taxes
$2,762
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Arizona Properties
(480) 505-6300
Listed By:
Michael Zschunke
(203) 733-5877
Source:
Exprealty
Added: May 11
Changed: Oct 3
Last Checked: Oct 5 at 11:53PM
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 Berkshire Hathaway HomeServices Arizona Properties
Investment Insights
Based on property information with market context.
Located at 141-610 E Roosevelt St, the property combines a street-level commercial area with a separate apartment above. The commercial space is currently operating as a hair salon, while the upper residence provides a distinct live-work component. Identified commercial use possibilities include retail, office, gallery, studio, and café operations, supporting a range of creative and service-oriented concepts.
The property sits in Downtown Phoenix’s Roosevelt Row Arts District, with restaurants, galleries, nightlife, light rail, and downtown employment hubs nearby. Its configuration is positioned for owner occupancy or rental income, with commercial and residential functions arranged within one property.
The property sits in Downtown Phoenix’s Roosevelt Row Arts District, with restaurants, galleries, nightlife, light rail, and downtown employment hubs nearby. Its configuration is positioned for owner occupancy or rental income, with commercial and residential functions arranged within one property.
Key Highlights
- Street‑level commercial space currently operating as a hair salon
- Separate upstairs apartment creates a two‑level mixed‑use configuration
- Identified commercial uses include retail, office, gallery, studio, and café operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,958
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,160
$599.2K
Cap Rate 7%
$427,971
$428.0K
Cap Rate 9%
$332,867
$332.9K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$53.8K $30.72/SF
− Vacancy
−$13.8K −$7.90/SF
EGI
$39.9K $22.82/SF
− OpEx
−$10.0K −$5.71/SF
NOI
$30.0K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,160
Cap Rate 7%
$427,971
Cap Rate 9%
$332,867
Alternative Uses
Best Use
Office B
$428.0K
$374.5K – $499.3K
NOI $29,958 @ 7.0% cap · market cap 3.42%
Second Best
Mixed Use
$318.8K
$278.9K – $371.9K
NOI $22,313 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$530.1K
$463.8K – $618.4K
NOI $37,106 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,339
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level salon space pairs with a separate upstairs apartment in Downtown Phoenix’s Roosevelt Row Arts District.
Where is this mixed-use property located?
The property is located at 141-610 E Roosevelt St Phoenix, AZ.
What is the asking price?
The asking price for this property is $875,500.
What are key features of this property?
This property features: Street‑level commercial space currently operating as a hair salon; Separate upstairs apartment creates a two‑level mixed‑use configuration; Identified commercial uses include retail, office, gallery, studio, and café operations
