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    801 1St Ave Phoenix, AZ 85003

    For Lease
    Contact for pricing

    Class A, 5,500-6,740 SF Available

    Lot size:
    24,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional Class A retail space, located at 801 N 1st Ave in Phoenix, Arizona, offers a unique opportunity within a vibrant urban mixed-use development. The property, built in 2023, boasts a total of 24,556 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible to a minimum of 5,500 square feet and offers a maximum contiguous space of 6,740 square feet, ideal for a variety of retail concepts. Situated in Maricopa County, with a zip code of 85003, this two-story building is part of a larger development encompassing a 23-story residential high-rise and a 5-story mid-rise. The development includes 388 residential units, creating a built-in customer base for retail tenants. The existing retail space includes the 6,500 square foot McKinley Medical Building, ensuring a strong foundation for the development's retail component. The remaining 5,500 square feet of street-level retail space, envisioned for restaurants and boutique shops, provides an excellent opportunity to establish a presence in a thriving urban environment. This property presents a rare chance to secure prime retail space in a brand-new, high-profile development in the heart of Phoenix. The address is 801 N 1st Ave, Phoenix, AZ 85003.

    Property Features for 801 1St Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,556 SF
    Class
    A

    Building Details

    Year Built
    2023
    Stories
    23

    Unit(s) available at that property

    Space
    800 N 1st Ave
    Size
    6,740 SF

    HighLights

    • 24,556 square feet of Class A retail space available for lease at 801 N 1st Ave, Phoenix, AZ 85003.
    • Located in the Roosevelt Row Arts District, a vibrant area with high foot traffic and annual events attracting over one million visitors.
    • The property is part of a new mixed‑use development including a 23‑story high‑rise and a 5‑story mid‑rise with 388 residential units.
    • Approximately 12,000 square feet of retail space is available, with a maximum contiguous space of 6,740 square feet.
    • The development includes adaptive reuse of the existing 6,740 square foot McKinley Medical Building, ideal for a restaurant or similar use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Budoff & Ross Attorney Terribile Michael Criminal Justice Attorney Lorenz Law Firm, ... Law Firm Peterson Tonya J Attorney The Summit Consulting Group ... Consultant

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Pharmacy Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0747859
    Latitude
    33.4568879

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    FAQs

    What type of property is this?
    Retail property - Class A, 5,500-6,740 SF Available
    Where is this retail property located?
    The property is located at 801 1St Ave Phoenix, AZ.
    What are key features of this property?
    This property features: 24,556 square feet of Class A retail space available for lease at 801 N 1st Ave, Phoenix, AZ 85003.; Located in the Roosevelt Row Arts District, a vibrant area with high foot traffic and annual events attracting over one million visitors.; The property is part of a new mixed-use development including a 23-story high-rise and a 5-story mid-rise with 388 residential units.
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    801 1St Ave Phoenix, AZ 85003
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    Phoenix, AZ 85003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801 1St Ave Phoenix, AZ 85003
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