301 Osborn Rd, Unit 5 Phoenix, AZ 85013-3921

Property Details for 301 Osborn Rd

Year built

1971

Construction

CONCRETE

Lot size

0.77 lot acres

Property size

42,277 SF

Zone code

C-1

Property type

Office buildings

APN

118-38-128G

APU

11838128G

Description

This exceptional 40,000+ square foot office building, located at 301 W Osborn Rd in Phoenix, AZ, presents a compelling value-add opportunity. Situated in the heart of Midtown Phoenix, this four-story, 1970-built concrete structure boasts approximately 12-foot ceiling heights and a subterranean parking garage with over 66 spaces, plus 39 additional above-ground spaces. The property is conveniently located adjacent to the Park Central development, home to Creighton University, Class A office space, retail, and restaurants. Its proximity to two light rail stations and major freeways ensures excellent accessibility. Zoned C1/HR, this versatile property allows for a wide range of uses, including office conversion to multifamily or hospitality, or as a commercial end-user space. Recent upgrades to the parking garage represent a substantial investment. The building's stripped-down concrete shell provides a blank canvas for a repositioning or repurposing project. This central location offers easy access to Downtown and Uptown Phoenix, along with numerous dining, shopping, and entertainment options. The property's 33,541 square foot lot and Maricopa County APN 118-38-128G further define this unique investment opportunity, currently listed at $4,000,000. The building's proximity to vibrant neighborhoods and amenities makes it ideal for a variety of uses, including short-term rentals. This is a rare chance to acquire a substantial property in a thriving urban core.