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    777 Central Ave Phoenix, AZ 85004

    For Lease
    Contact for pricing

    Prime Retail, Restaurant, 2 Units Available

    Lot size:
    5,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A retail space, located at 777 N Central Ave (SEC Central Ave & McKinely St) in Phoenix, AZ 85004, offers two available units ranging from 720 to 4,570 square feet. Part of the new Ray Phoenix development, a 26-story luxury apartment building with 401 units, this ground floor retail space provides unparalleled visibility and access to a thriving community. The building boasts an edgy design and a wealth of amenities including artist workshops, indoor gardens, co-working space, fitness studios, and a massive 4-story, 132,000 square foot parking garage. Situated in the heart of Downtown Phoenix's vibrant submarket, adjacent to the Roosevelt Arts District, this location benefits from high foot traffic and proximity to numerous other restaurants, shops, and retailers. The total building retail space is 5,290 square feet, offering multiple tenancy options. Built in 2026, this property presents a unique opportunity for businesses seeking a prime location in a rapidly growing area. The building's modern design and extensive amenities create a desirable environment for both tenants and customers. This is an ideal space for a restaurant or retail establishment seeking high visibility and a strong customer base. Contact us today to learn more about leasing opportunities.

    Property Features for 777 Central Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,290 SF
    Class
    A

    Building Details

    Year Built
    2026

    Unit(s) available at that property

    Space
    North Retail
    Size
    4,570 SF
    Space
    South Retail
    Size
    720 SF

    HighLights

    • Class A retail space available, 720‑4,570 SF, at 777 N Central Ave, Phoenix, AZ 85004.
    • Located in the Ray Phoenix development, a 26‑story luxury apartment building with 401 units.
    • Ground floor space offers high visibility and access to a thriving community in Downtown Phoenix's Roosevelt Arts District.
    • Building amenities include artist workshops, indoor gardens, co‑working space, fitness studios, and a 132,000 SF parking garage.
    • Total retail space is 5,290 SF, with multiple tenancy options available in a newly constructed (2026) building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Pharmacy Skin Care Clinic 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
    -112.0734604
    Latitude
    33.4564882

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail, Restaurant, 2 Units Available
    Where is this restaurant located?
    The property is located at 777 Central Ave Phoenix, AZ.
    What are key features of this property?
    This property features: Class A retail space available, 720-4,570 SF, at 777 N Central Ave, Phoenix, AZ 85004.; Located in the Ray Phoenix development, a 26-story luxury apartment building with 401 units.; Ground floor space offers high visibility and access to a thriving community in Downtown Phoenix's Roosevelt Arts District.
    Request Owner's contact information
    777 Central Ave Phoenix, AZ 85004
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    Phoenix, AZ 85004
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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
    777 Central Ave Phoenix, AZ 85004
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