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1614 Roosevelt St Phoenix, AZ 85007

Sponsored
For Sale
$4,615,000

Historic Armory: Multi-Tenant Investment

Property size:
29,212 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional Phoenix investment opportunity presents a meticulously renovated, 29,212 square foot, multi-tenant executive office building situated on approximately 1.73 to 1.99 acres. Originally constructed in 1958 and extensively renovated in 2015, this Class B property boasts a 6.80% cap rate and an asking price of $4,615,000. The property features abundant parking (2.42 spaces per 1,000 sq ft), a gated yard, and a versatile layout including creative office spaces and functional warehouse areas. Each unit offers private HVAC, polished concrete floors, and LED lighting. Shared amenities include a conference room, break room, and restrooms. The property benefits from its Planned Unit Development (PUD) zoning, allowing for a diverse range of uses. Its historic designation adds unique character and potential eligibility for city incentives. This prime location in Phoenix, AZ (85007), near downtown, offers exceptional accessibility and a blend of historic charm and modern functionality. The property's APN is 111-16-065A.

Property Features for 1614 Roosevelt St

General Information

Property type
Office Properties & Spaces
Square Feet
29,212 SF
Class
B
Lot Size
75,359 SF

Building Details

Year Built/Renovated
1958/2015

HighLights

  • 1.99‑acre lot with gated yard providing ample space and security.
  • Abundant parking (2.42 spaces per 1,000 sq ft), a rare amenity in this downtown‑adjacent location.
  • Versatile 29,212 sq ft building featuring creative office spaces and warehouse areas; each unit includes private HVAC, polished concrete floors, and LED lighting; shared amenities include a conference room, break room, and restrooms.
  • Historically registered building offering unique character and potential for city incentives.
  • Planned Unit Development (PUD) zoning allows for diverse uses.
  • Class B office building, 6.80% cap rate, asking price $4,615,000.
Property Profile Location Intelligence

Current Use by Public Records

My Rental Superstore Property Management Company Sapphyr 360 Website Designer The Armory Coworking Space Karianne Munstedt Portrait Photographer Spectacle Design Engineer

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.09402532
Latitude
33.45864594

FAQs

What type of property is this?
Office Property / Space - Historic Armory: Multi-Tenant Investment
Where is this office property / space located?
The property is located at 1614 Roosevelt St Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,615,000.
What are key features of this property?
This property features: 1.99-acre lot with gated yard providing ample space and security.; Abundant parking (2.42 spaces per 1,000 sq ft), a rare amenity in this downtown-adjacent location.; Versatile 29,212 sq ft building featuring creative office spaces and warehouse areas; each unit includes private HVAC, polished concrete floors, and LED lighting; shared amenities include a conference room, break room, and restrooms.
More about this property
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