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    45 Jefferson St Phoenix, AZ 85003

    For Lease
    Contact for pricing

    Phoenix Retail Space: Prime Downtown Location, 5,293 SF Available

    Lot size:
    3,764 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity is located in the historic Luhrs City Center in downtown Phoenix, Arizona. Situated at 45 W Jefferson St, zip code 85003, this Class A property boasts a prime location within Maricopa County. Built in 1924, the Luhrs City Center is a landmark building, recognized on the Phoenix Historic Property Register. The building features a total of 3976 parking spaces, providing ample convenience for customers and employees. Currently, there is 5,293 square feet of vacant retail space available, suitable for a variety of uses, including restaurants. The available space ranges from 3,760 to 3,764 square feet. The building is a 19-story structure, offering excellent visibility and accessibility. This is a rare chance to secure a space in a prestigious, historically significant building in the heart of Phoenix's vibrant downtown area. The property's rich history and prime location offer unparalleled potential for a successful business venture. The multiple tenancy structure provides a dynamic and diverse environment. Don't miss this opportunity to establish your business in a landmark Phoenix location.

    Property Features for 45 Jefferson St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,764 SF
    Class
    A

    Building Details

    Year Built
    1924
    Stories
    19

    Unit(s) available at that property

    Space
    Space 1
    Size
    3,764 SF

    HighLights

    • 5,293 SF of vacant retail space available in a 19‑story, Class A building at 45 W Jefferson St, Phoenix, AZ 85003.
    • High daytime population: approx. 85,000 within one mile.
    • Adjacent to CityScape, a 1.2M SF mixed‑use development including Class A office, retail, residential, and a hotel.
    • New Marriott Hotel (19‑story, 320 rooms) is now open nearby.
    • $360M Maricopa County Courthouse expansion directly across 1st Avenue, driving significant foot traffic.
    • Downtown Phoenix has 6.5M SF of office space in 38 buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coplex Software Company Matthew F. Leathers, ... Attorney Joel L Brand ... Attorney Schreck Law Firm Law Firm Tony Verdugos Barber ... Barber Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0747855
    Latitude
    33.4470044

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    FAQs

    What type of property is this?
    Restaurant - Phoenix Retail Space: Prime Downtown Location, 5,293 SF Available
    Where is this restaurant located?
    The property is located at 45 Jefferson St Phoenix, AZ.
    What are key features of this property?
    This property features: 5,293 SF of vacant retail space available in a 19-story, Class A building at 45 W Jefferson St, Phoenix, AZ 85003.; High daytime population: approx. 85,000 within one mile.; Adjacent to CityScape, a 1.2M SF mixed-use development including Class A office, retail, residential, and a hotel.
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    45 Jefferson St 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
    45 Jefferson St Phoenix, AZ 85003
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