Biltmore Area Office
For Sale
Contact for pricing
Pending
2942 N 24th St, Phoenix, AZ 85016
Owner/user or sale-leaseback opportunity in Phoenix's Midtown submarket.
Property Size18,919 SF
Days on Market178
Property Features for 2942 N 24th St
General Information
Standard status
Pending
Size
18,919 SF
Class
B
Total Parking Spaces
51
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Owner/User
Building Details
Year Built
1974
Year Renovated
2006
Stories
2
Units
11
Tenancy
Single
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5536
Listed By:
Richard Lewis · License #AZ #SA674245000
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Jul 24 at 1:24PM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
This property presents an opportunity for either an owner-user or a sale-leaseback arrangement in Phoenix, Arizona. Currently occupied by Plaza Executive Suites, an operator of executive office suites with multiple locations throughout the Phoenix metropolitan area since 2006, including virtual offices and meeting spaces. Plaza Executive Suites is open to a seven-year leaseback agreement under an absolute triple net lease with annual increases of three percent. Alternatively, the space can be vacated as needed for an owner-user. Located in the Midtown submarket, just north of Thomas Road, the property fronts the west side of 24th Street, between Thomas and Osborn Roads. Its location provides immediate access to major transportation routes and public transit, including the Loop 202, I-10, and 51 Freeways. The surrounding area features a mix of professional services, dining options, and retail amenities. The property is centrally located within the broader Phoenix market, with convenient access to the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport, and the Tempe area. The building size is 18,919 square feet.
Key Highlights
- Prime location in the Biltmore area of Phoenix, offering convenient access to major freeways (Loop 202, I‑10, 51) and public transportation.
- Opportunity for immediate owner‑occupancy or a 7‑year absolute triple net leaseback with 3% annual increases.
- Centrally located within the Phoenix market, providing easy access to Camelback Corridor, Downtown Phoenix, Sky Harbor Airport, and Tempe.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
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?
Office building - Owner/user or sale-leaseback opportunity in Phoenix's Midtown submarket.
Where is this office building located?
The property is located at 2942 N 24th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,216,000.
What are key features of this property?
This property features: Prime location in the Biltmore area of Phoenix, offering convenient access to major freeways (Loop 202, I‑10, 51) and public transportation.; Opportunity for immediate owner‑occupancy or a 7‑year absolute triple net leaseback with 3% annual increases.; Centrally located within the Phoenix market, providing easy access to Camelback Corridor, Downtown Phoenix, Sky Harbor Airport, and Tempe.
