Renovated Owner-User Office
3130 N 3rd Ave Phoenix, AZ 85013
For Sale
Contact for pricing
Completely renovated two-floor office building with glass walls, exposed concrete, private balconies, and a basement speakeasy with full bar.
Property Size8,870 SF
Price / SF$360.77
Days on Market170
Property Features for 3130 N 3rd Ave
General Information
Standard status
Active
Size
8,870 SF
Property subtype
OFFICE
Listing Agency:
Colliers | Phoenix
(602) 751-8455
Listed By:
John Barnes · License #SA579777000
(602) 751-8455
Source:
Moodyscre
Added: Feb 10
Changed: Jul 28
Last Checked: Jul 29 at 2:29PM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
This completely renovated owner-user office building offers a distinctive layout with exposed ceiling elements, top-to-bottom glass walls and doors, and exposed concrete finishes. The two floors mirror each other and include seven offices per floor, along with two conference rooms, two restrooms, and a kitchen. The building also features eight private balconies.
The lower level is designed as a speakeasy with a full bar, an open area, and three full-size booths. Parking is provided under the building and is covered.
The property is located just west of the revitalized Park Central Mall, which includes retail, medical, office, storage, and hotel uses. Walkable amenities in the area include First Watch, EOS Fitness, Fired Pie, Jamba, Jimmy John’s, Zipp’s Sports Grill, and Kobalt, with notable nearby tenants within a quarter-mile radius including St. Joseph’s Medical Center, Barrow Neurological Institute, Dignity Health Regional Headquarters, and Creighton Medical Center.
The lower level is designed as a speakeasy with a full bar, an open area, and three full-size booths. Parking is provided under the building and is covered.
The property is located just west of the revitalized Park Central Mall, which includes retail, medical, office, storage, and hotel uses. Walkable amenities in the area include First Watch, EOS Fitness, Fired Pie, Jamba, Jimmy John’s, Zipp’s Sports Grill, and Kobalt, with notable nearby tenants within a quarter-mile radius including St. Joseph’s Medical Center, Barrow Neurological Institute, Dignity Health Regional Headquarters, and Creighton Medical Center.
Key Highlights
- Completely renovated two‑floor owner‑user office building with basement speakeasy and full bar at 3130 N 3rd Avenue, Phoenix
- 8,870 SF building offered for $3.2 million
- Top‑to‑bottom glass walls and doors with exposed ceiling and exposed concrete throughout
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $272.5k | $30.72 |
| − Vacancy | −$70.0k | −$7.90 |
| EGI | $202.5k | $22.82 |
| − OpEx | −$50.6k | −$5.71 |
| NOI | $151.8k | $17.12 |
8,870 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,843 @ 7.0% cap · market cap 4.75%
Second Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,198 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,076 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Completely renovated two-floor office building with glass walls, exposed concrete, private balconies, and a basement speakeasy with full bar.
Where is this office building located?
The property is located at 3130 N 3rd Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Completely renovated two‑floor owner‑user office building with basement speakeasy and full bar at 3130 N 3rd Avenue, Phoenix; 8,870 SF building offered for $3.2 million; Top‑to‑bottom glass walls and doors with exposed ceiling and exposed concrete throughout
