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Freestanding Office and Retail Building
For Sale
$2,405,000

4445 N 24th Pl, Phoenix, AZ 85016

Renovating freestanding building with flexible open creative space, patio, and a new second floor under construction.

Property Size3,700 SF
Price / SF$650
Days on Market71

Property Features for 4445 N 24th Pl

General Information

Standard status Active
Size 3,700 SF
Property subtype Office

Building Details

Stories 2
Tenancy Multi
Listing Agency: Phoenix
Listed By: Matt Fitz-Gerald · License #SA579777000
Source: Colliers
Added: Jun 3 Changed: Aug 8 Last Checked: Jul 16 at 1:48AM

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 Phoenix

Investment Insights

Based on property information with market context.

This freestanding building is currently undergoing a complete renovation and remodeling, with an anticipated completion date in mid-August 2026. The project includes interior updates and a new two-story addition currently under construction, bringing the building to approximately 3,700 square feet. The existing space is configured as a completely open creative layout with two restrooms and two wet bars. Additional amenities include a west-facing patio.

Access to the second floor will be provided by an internal staircase. The patio is planned to face west and is described as an outdoor space for employees. The interior renovation also contemplates restrooms and kitchens for both portions of the building in a potential owner-occupy and lease scenario.

For an owner or tenant seeking flexibility, the layout can support a split arrangement where an owner occupies approximately 2,200 square feet while leasing about 1,500 square feet to a tenant. In that scenario, both sides would include a restroom and a kitchen, supported by the building’s planned improvements. Ownership is bringing the property to market early to allow for reasonable, mutually agreed tenant improvement changes, with tenant improvements included in the sales price.

Key Highlights

  • Freestanding retail/office building at 4445 N 24th Street, Phoenix, AZ, undergoing a complete renovation and remodeling.
  • Anticipated renovation completion: mid‑August 2026.
  • Building size about 3,700 SF, including a new two‑story space currently under construction.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service Pet Grooming Service Fish Market Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,836
Businesses Nearby

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

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovating freestanding building with flexible open creative space, patio, and a new second floor under construction.
Where is this office building located?
The property is located at 4445 N 24th Pl Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,405,000.
What are key features of this property?
This property features: Freestanding retail/office building at 4445 N 24th Street, Phoenix, AZ, undergoing a complete renovation and remodeling.; Anticipated renovation completion: mid‑August 2026.; Building size about 3,700 SF, including a new two‑story space currently under construction.
More about this property
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