1614 Roosevelt St Phoenix, AZ 85007
- Office buildings
- 19,317 SF
- 1.99 lot acres
Current Use by Public Records
- My Rental Superstore / Property Management Company
- Sapphyr 360 / Website Designer / Software Company
- The Armory / Coworking Space
- Karianne Munstedt Portrait / Commercial Photographer / Photography Studio
- Spectacle / Design Engineer
Property Details for 1614 Roosevelt St
- Year built
- 1958
- Construction
- CONCRETE
- Lot size
- 1.99 lot acres
- Property size
- 19,317 SF
- Zone code
- PUD
- Property type
- Office buildings
- APN
- 111-16-065B
- APU
- 11116065B
Description
This exceptional Phoenix investment opportunity presents a meticulously renovated, 29,212 square foot, multi-tenant executive office building situated on approximately 1.73 to 1.99 acres. Originally constructed in 1958 and extensively renovated in 2015, this Class B property boasts a 6.80% cap rate and an asking price of $4,615,000. The property features abundant parking (2.42 spaces per 1,000 sq ft), a gated yard, and a versatile layout including creative office spaces and functional warehouse areas. Each unit offers private HVAC, polished concrete floors, and LED lighting. Shared amenities include a conference room, break room, and restrooms. The property benefits from its Planned Unit Development (PUD) zoning, allowing for a diverse range of uses. Its historic designation adds unique character and potential eligibility for city incentives. This prime location in Phoenix, AZ (85007), near downtown, offers exceptional accessibility and a blend of historic charm and modern functionality. The property's APN is 111-16-065A.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.094
- Latitude
- 33.4591
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
