Iconic Restaurant Building with
For Sale
Contact for pricing
3243 N 3rd St, Phoenix, AZ 85012
Unique restaurant property with indoor/outdoor design and event spaces.
Property Size6,136 SF
Price / SF$699.97
Days on Market207
Property Features for 3243 N 3rd St
General Information
Standard status
Active
Size
6,136 SF
Class
A
Property subtype
Retail
Building Details
Year Built
1966
Year Renovated
2010
Buildings
5
Stories
1
Listing Agency:
Kocour Company
Listed By:
Brian Kocour · License #Arizona LC67501000
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:31AM
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 Kocour Company
Investment Insights
Based on property information with market context.
This iconic restaurant building, known as Ocotillo, is located at the corner of Third Street and Flower in Midtown Phoenix. The indoor/outdoor design blends native desert flora with modern architecture. The inviting indoor space features a full-service bar, dining room, and a communal wine events area. Outdoors, there are several unique spaces including the Ramada, the Flower Street patio, the Beer Garden, Lucy’s lawn, and the Sidecar Cocktail Lounge. The buildings surround and compose a dramatic outdoor dining and event courtyard complete with lush shady landscaping and multiple patios. The property features a multitude of community space with enclaves of gathering spaces with an event lawn, communal tables, seating ramadas, and nook seating throughout the property. Naturally rusted corrugated panels and steel canopies carve the intimate sections of the indoor/outdoor compound. A second story cargo container also features office space. The property size is 6136 square feet. All Furniture, Fixtures and Equipment can be made available. Embraced by residents valley wide, this legacy dining and event venue offers a truly authentic Phoenix, Arizona experience. Ocotillo is a one-of-a-kind collector property that will appreciate in time.
Key Highlights
- Iconic restaurant building (Ocotillo) with established reputation and valley‑wide recognition.
- Dramatic indoor/outdoor dining and event courtyard with multiple patios and lush landscaping.
- Unique spaces including Ramada, Flower Street patio, Beer Garden, Lucy’s lawn, and Sidecar Cocktail Lounge.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,216
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85012, AZ
8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Unique restaurant property with indoor/outdoor design and event spaces.
Where is this conventional restaurant located?
The property is located at 3243 N 3rd St Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,295,000.
What are key features of this property?
This property features: Iconic restaurant building (Ocotillo) with established reputation and valley‑wide recognition.; Dramatic indoor/outdoor dining and event courtyard with multiple patios and lush landscaping.; Unique spaces including Ramada, Flower Street patio, Beer Garden, Lucy’s lawn, and Sidecar Cocktail Lounge.
