625 5th St, Phoenix, AZ 85004-2624

This exceptional 34,582-square-foot office building, located at 625 S 5th Street in Phoenix, Arizona, presents a unique investment opportunity. Originally constructed in 1949 as a grocery warehouse and sausage factory, this Class B building underwent a complete renovation in 2016, showcasing stunning architectural details including a barrel vaulted roof and 17-foot clear heights. The current configuration offers a turnkey solution with 26 private offices, multiple conference rooms, and an open area suitable for approximately 296 workstations. The property features a generous 54,863-square-foot lot and a parking ratio of 1.4 spaces per 1,000 square feet, with expansion potential. Existing loading docks, including those with and without truckwells, provide significant flexibility for various uses. The building's layout allows for easy demising to accommodate diverse tenant needs. Situated in the vibrant Downtown Phoenix Warehouse District, this property enjoys proximity to restaurants, galleries, and entertainment venues. Its adjacency to the Phoenix Suns and Mercury's new headquarters further enhances its desirability. The Downtown Core Warehouse zoning permits a wide range of uses, including the potential for future multifamily development, with an 80-foot height limit and no density restrictions. This is a rare chance to acquire a historically significant property with significant upside potential in a rapidly growing area. The property is currently vacant and ready for immediate occupancy. The APN is 112-31-077. A virtual tour is available.