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Property profile & analytics
FOR LEASE
Office buildings

45 W Jefferson St Phoenix, AZ 85003

48,958 SF 0.74 ac lot Built 1950
Entity Owned 3-yr Hold Free & Clear
Property ID
US07-2354044
Property summary
AI-generated overview

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 profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction CONCRETE
Total area 48,958 SF
Lot 0.74 ac (32,214 SF)
Zoning code DTC-BCORE
APN 112-22-105B
UPID US07-2354044
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Coplex (Bike/Boat/Book/etc) Store Corporate Office
  • Matthew F. Leathers, P.C. Law Firm
  • Joel L Brand Law Office Law Firm
  • Schreck Law Firm Law Firm
  • Tony Verdugos Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sci Luhrs Phx LLC · 3 yrs held
Sci Luhrs Phx LLC
since 2023
Last sale
$6.9M
2 recorded transactions
2023
Price N/A
2023
$6.9M
Zoning & alternative use
DTC-BCORE · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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