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    2505 Central Ave Phoenix, AZ 85004

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    For Sale
    Contact for pricing

    Freestanding Office Building, Vacant, Ideal Owner-User

    Property size:
    5,964 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,964-square-foot freestanding creative office building presents a unique owner-user opportunity in the vibrant heart of Phoenix, Arizona. Built in 1970, this Class B property sits on a sizable 17,092-square-foot lot and is zoned C-2 HRI, Phoenix. Currently vacant, the building offers immediate occupancy for a discerning buyer seeking a prime location. Its strategic position provides unparalleled access to major transportation arteries, including State Route 51, I-10, and I-17, ensuring seamless commutes for employees and clients. Furthermore, its location directly on the Light Rail, between two convenient stops along Central Avenue, offers exceptional public transportation access. The property enjoys proximity to a wealth of amenities, including Downtown Phoenix's diverse culinary and entertainment scene, as well as major medical facilities such as St. Joseph's Hospital and Medical Center, Phoenix Children's Hospital, Creighton University, and Banner University Medical Center. The property's address is 2505 N Central Ave, Phoenix, AZ 85004, with the APN 118-47-270. This is a rare chance to acquire a well-situated, spacious office building in a thriving urban environment. The single building structure offers flexibility and control for the owner-occupant. Don't miss this opportunity to establish your business in a highly desirable and convenient location.

    Property Features for 2505 Central Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,964 SF
    Class
    B

    Building Details

    Year Built
    1970
    Buildings
    1

    HighLights

    • 5,964 SF vacant creative office building in Phoenix, AZ.
    • Class B, freestanding, owner‑user opportunity.
    • Located at 2505 N Central Ave, Phoenix, AZ 85004 (APN: 118‑47‑270).
    • Situated on a 17,092 SF lot, zoned C‑2 HRI.
    • Excellent location near SR 51, I‑10, I‑17, Downtown Phoenix, light rail, and major hospitals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Junior League of Phoenix ... Non-Profit Organization My City Title ... Home Builder

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0734093
    Latitude
    33.4756053

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding Office Building, Vacant, Ideal Owner-User
    Where is this individual retail property located?
    The property is located at 2505 Central Ave Phoenix, AZ.
    What are key features of this property?
    This property features: 5,964 SF vacant creative office building in Phoenix, AZ.; Class B, freestanding, owner-user opportunity.; Located at 2505 N Central Ave, Phoenix, AZ 85004 (APN: 118-47-270).
    Request Owner's contact information
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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
    2505 Central Ave Phoenix, AZ 85004
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