Listing Agency: Phoenix Commercial Advisors t***@pcaemail.com Show Phone

Listed By: Teale Bloom · License #AZ

Source: Crexi

Added: Nov 11, 2023 Changed: Jul 6 Last Checked: Jul 30 at 9:34AM

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Investment Insights

Based on property information with market context.

This commercial property offers approximately 13,500 square feet of retail space, with the potential for basement utilization. The space can be divided to suit specific tenant needs. It is located at the intersection of 1st Street and Madison Street in Phoenix, Arizona.

Key Highlights

• ±13,500 SF of space available.
• Basement potential.
• Can be divided (demised).

Property Analytics

Current Use

Retail space

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

5,540

Businesses Nearby

Explore this area Business Placement

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

Lease Benchmarks for Phoenix, AZ

$16.83 /SF/Yr

Avg Asking Price

$0.69–$50 /SF/Yr

Price Range

10,319 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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Large retail space with basement potential in Phoenix, Arizona.

Where is this retail space located?

The property is located at 1st St & Madison St Phoenix, AZ.

What are key features of this property?

This property features: ±13,500 SF of space available.; Basement potential.; Can be divided (demised).