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Renovated Historic Office Suites
For Lease
$5,431/Mo

500c-112 N Central Avenue, Phoenix, AZ 85004

Fully renovated office suites with upgraded IT and high-speed internet in a historic 1919 building.

Space SizeContact for details
Days on Market98

Property Features for 500c-112 N Central Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $136,296

Building Details

Year Built 1919
Listing Agency: West USA Realty
Listed By: Everardo M Chavez · License #BR657488000
Source: Exprealty
Added: Jun 6 Changed: Aug 31 Last Checked: Sep 10 at 1:55PM

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 West USA Realty

Investment Insights

Based on property information with market context.

The Heard Building offers fully renovated office suites within a restored historic structure originally built in 1919. The space is designed for modern work needs, featuring upgraded IT infrastructure and high-speed internet, along with flexible workspace options.

Located at 500c–112 N Central Avenue in downtown Phoenix, the building places tenants near City Hall, the Phoenix Convention Center, and the light rail. The surrounding area also offers nearby dining, transit access, and cultural amenities, making it convenient for day-to-day business activity.

Key Highlights

  • Historic Heard Building originally built in 1919 in downtown Phoenix
  • Fully renovated office suites
  • Upgraded IT infrastructure

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Nail Salon Pet Grooming Service Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon Mobile Phone Store

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

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,728
Businesses Nearby

Demographics for 85004, AZ

8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$17.83 /SF/Yr
Avg Asking Price
$1.16–$47 /SF/Yr
Price Range
7,984 SF
Avg Space Size

This space is priced 40% above the average of $17.83 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Fully renovated office suites with upgraded IT and high-speed internet in a historic 1919 building.
Where is this office units located?
The property is located at 500c-112 N Central Avenue Phoenix, AZ.
What is the lease rate?
The lease rate is $5,431/Mo.
What are key features of this property?
This property features: Historic Heard Building originally built in 1919 in downtown Phoenix; Fully renovated office suites; Upgraded IT infrastructure
More about this property
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