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Redevelopment Opportunity in Phoenix, AZ
For Sale
$4,900,000

9401-9415 N Central Ave, Phoenix, AZ 85020

11,800 SF property suitable for redevelopment, renovation, or owner-user.

Property Size11,800 SF
Price / SF$445,454
Days on Market414

Property Features for 9401-9415 N Central Ave

General Information

Standard status Active
Size 11,800 SF
Property subtype Retail

Site & Location

Neighborhood North Mountain

Building Details

Building Size 11,800 SF
Year Built 1982
Listing Agency: Lee & Associates | Phoenix
Listed By: Jake Annan
Source: Lee-associates
Added: Sep 10, 2025 Changed: Oct 25 Last Checked: Oct 28 at 6:54AM

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 Lee & Associates | Phoenix

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 11,800 square foot property in Phoenix, Arizona, presents an opportunity for redevelopment, renovation, or owner-user ventures. The property is suitable for a variety of uses including restaurant, bar, office, medical, retail, multifamily, industrial, or entertainment purposes. The property consists of 8 units, with one unit offering 2,500 square feet and seven additional suites each measuring 1,400 square feet. One unit is pre-built as a restaurant space, and another is pre-built as a salon suite. The property benefits from grandfathered uses, 0' setbacks, signage opportunities on both Hatcher Road and Central Road, and proximity to I-17.

Key Highlights

  • 11,800 SF of space in 8 units for flexible usage.
  • Grandfathered uses and 0' setbacks offer unique development advantages.
  • Pre‑built Restaurant and Salon suites reduce initial build‑out costs.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,923
Businesses Nearby

Demographics for 85020, AZ

34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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

Frequently Asked Questions

What type of property is this?
Retail space - 11,800 SF property suitable for redevelopment, renovation, or owner-user.
Where is this retail space located?
The property is located at 9401-9415 N Central Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 11,800 SF of space in 8 units for flexible usage.; Grandfathered uses and 0' setbacks offer unique development advantages.; Pre‑built Restaurant and Salon suites reduce initial build‑out costs.
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