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Renovated Office Suite with Balconies
For Lease
$12.50 SF/Yr

845 N 4th Ave, Phoenix, AZ 85003

Renovated office suite with multiple private offices, kitchenette, and two balconies, supported by ample on-site parking.

Space Size1,400 SF
Property Size2,800 SF
Days on Market52

Property Features for 845 N 4th Ave

General Information

Standard status Active
Size 1,400 SF
Class B
Property subtype Office
Lease Term MG

Building Details

Building Size 2,800 SF

Spaces For Lease

at 845 N 4th Ave Contact us

845 N 4th Ave $12.50/SF/Yr

Size
1,400 SF
Type
Creative/Loft
Term
36 months
Contact us
Listing Agency: LRA Real Estate Group LLC
Listed By: Don Mortensen · License #BR529840000
Source: Lrarealestate
Added: Jun 25 Changed: Aug 14 Last Checked: Aug 15 at 4:55AM

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 LRA Real Estate Group LLC

Investment Insights

Based on property information with market context.

This renovated office suite offers a reception area, a kitchenette, and a full bathroom, along with multiple windowed rooms that can support a traditional office layout. The space includes four offices with potential to configure for a fifth office, plus crown molding and upgraded, polished finishes. Two balconies add outdoor options while maintaining an interior-focused workflow.

Located in the Roosevelt District, the suite benefits from convenient access and lots of parking in both the rear and the front of the building. The offering is described as being near ASU Downtown and the Vig, with proximity to courthouses as part of the surrounding business environment.

The layout suits professional and creative uses that require private work areas and a built-in reception. It should fit a law office needing a reception and offices, or an organization looking for dedicated studio-style rooms for art, collaborative work, or tech-oriented teams. With its kitchenette and strong natural light from numerous windows, the suite supports day-to-day operations without relying on additional shared amenities.

Key Highlights

  • Renovated office suite offering 1,400 SF with a reception area, kitchenette, and 1 bathroom
  • Multiple private office rooms: 4 offices with potential for a 5th office
  • Two balconies and lots of windows for natural light

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Fish Market Pet Grooming Service Mobile Phone Store Nursing Home

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
$1.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,084
Businesses Nearby

Demographics for 85003, AZ

11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$17.92 /SF/Yr
Avg Asking Price
$0.58–$45 /SF/Yr
Price Range
9,809 SF
Avg Space Size

This space is priced 30% below the average of $17.92 /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
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Frequently Asked Questions

What type of property is this?
Office units - Renovated office suite with multiple private offices, kitchenette, and two balconies, supported by ample on-site parking.
Where is this office units located?
The property is located at 845 N 4th Ave Phoenix, AZ.
What is the lease rate?
The lease rate is $12.50 SF/Yr.
What are key features of this property?
This property features: Renovated office suite offering 1,400 SF with a reception area, kitchenette, and 1 bathroom; Multiple private office rooms: 4 offices with potential for a 5th office; Two balconies and lots of windows for natural light
More about this property
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