Mixed-Use Live-Work
For Sale
$899,500
610 E ROOSEVELT Street 140, Phoenix, AZ 85004
Street-level restaurant space combines with two levels of residential accommodations and on-site parking in Downtown Phoenix.
Property Size1,750 SF
Price / SF$514
Days on Market48
Property Features for 610 E ROOSEVELT Street 140
General Information
Standard status
Active
Size
1,750 SF
Total Parking Spaces
2
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$2,762
Amenities
2-car garage
community pool
walk-out deck
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Realty ONE Group
(602) 953-4000
Listed By:
Matthew Wright · License #SA639232000
(602) 290-2175
Source:
Exitrealty
Added: Sep 6
Changed: Oct 3
Last Checked: Oct 2 at 6:50PM
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 Realty ONE Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,750-square-foot mixed-use property combines a street-facing storefront with residential space across two levels. The commercial component is operating as a quick-service restaurant, while the first residential level includes a bedroom and bathroom. The upper level features an updated kitchen, living room, bedroom, bathroom, and walk-out deck.
The property includes a 2-car garage and access to a community pool. Located at 610 E Roosevelt Street in Phoenix’s Downtown Arts District, the property is near dining, shopping, and downtown events. Its configuration supports owner occupancy, separate use of the commercial and residential portions, or leasing of the spaces independently, subject to applicable requirements.
The property includes a 2-car garage and access to a community pool. Located at 610 E Roosevelt Street in Phoenix’s Downtown Arts District, the property is near dining, shopping, and downtown events. Its configuration supports owner occupancy, separate use of the commercial and residential portions, or leasing of the spaces independently, subject to applicable requirements.
Key Highlights
- 1,750‑square‑foot mixed‑use property with commercial and residential components
- Street‑level storefront currently operating as a quick‑service restaurant
- Residential space spans two levels with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,958
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,160
$599.2K
Cap Rate 7%
$427,971
$428.0K
Cap Rate 9%
$332,867
$332.9K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$53.8K $30.72/SF
− Vacancy
−$13.8K −$7.90/SF
EGI
$39.9K $22.82/SF
− OpEx
−$10.0K −$5.71/SF
NOI
$30.0K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,160
Cap Rate 7%
$427,971
Cap Rate 9%
$332,867
Alternative Uses
Best Use
Office B
$428.0K
$374.5K – $499.3K
NOI $29,958 @ 7.0% cap · market cap 3.33%
Second Best
Specialty Retail
$372.6K
$326.0K – $434.7K
NOI $26,082 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$530.1K
$463.8K – $618.4K
NOI $37,106 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,170
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level restaurant space combines with two levels of residential accommodations and on-site parking in Downtown Phoenix.
Where is this mixed-use property located?
The property is located at 610 E ROOSEVELT Street 140 Phoenix, AZ.
What is the asking price?
The asking price for this property is $899,500.
What are key features of this property?
This property features: 1,750‑square‑foot mixed‑use property with commercial and residential components; Street‑level storefront currently operating as a quick‑service restaurant; Residential space spans two levels with 3 bedrooms and 2 bathrooms
