Mixed-Use Live-Work
For Sale
$899,500
610 E Roosevelt St Unit 140, Phoenix, AZ 85004
Street-level restaurant space combines with two levels of residential living, creating a flexible owner-user or leasing configuration.
Property Size1,750 SF
Price / SF$514
Days on Market79
Property Features for 610 E Roosevelt St Unit 140
General Information
Standard status
Active
Size
1,750 SF
Total Parking Spaces
2
Property subtype
Commercial
Site & Location
Neighborhood
Central City
Amenities
community pool
walk-out deck
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Realty ONE Group
Listed By:
Matthew Wright · License #SA639232000
(602) 290-2175
Source:
Anthony.viewalltucsonhomes
Added: Aug 8
Changed: Oct 1
Last Checked: Oct 24 at 5:10PM
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
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Investment Insights
Based on property information with market context.
Built in 2005, this 1,750 SF mixed-use property combines a street-facing commercial storefront with residential accommodations on both levels. The ground-floor living area includes a bedroom and bathroom, while the upper level features an updated kitchen, living room, bedroom, bathroom, and walk-out deck. The commercial portion is currently used for quick-service restaurant operations, with potential for food service, retail, salon, office, gallery, or studio use as described in the property information.
A 2-car garage and access to a community pool add functional value. The property is located at 610 E Roosevelt Street in Phoenix’s Roosevelt Row and Downtown Arts District, near dining, shopping, and downtown events. The configuration supports operating a business while living on-site, occupying one component and leasing the other, or leasing both portions.
A 2-car garage and access to a community pool add functional value. The property is located at 610 E Roosevelt Street in Phoenix’s Roosevelt Row and Downtown Arts District, near dining, shopping, and downtown events. The configuration supports operating a business while living on-site, occupying one component and leasing the other, or leasing both portions.
Key Highlights
- 1,750 SF mixed‑use property with commercial and residential components
- Street‑level storefront currently operating as a quick‑service restaurant
- Residential space includes bedrooms and bathrooms on both levels
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 living, creating a flexible owner-user or leasing configuration.
Where is this mixed-use property located?
The property is located at 610 E Roosevelt St Unit 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 SF mixed‑use property with commercial and residential components; Street‑level storefront currently operating as a quick‑service restaurant; Residential space includes bedrooms and bathrooms on both levels
