723 Grand Ave Phoenix, AZ 85007-2509
This exceptional Downtown Phoenix property, located at 723-747 Grand Avenue, offers 41,500 square feet of versatile commercial space. The two-building complex, boasting a Class A designation, features a blend of coworking, creative office, flex, warehouse, and distribution spaces, making it suitable for a variety of businesses. Built in 1917 and extensively renovated in 2013, the property showcases a unique blend of historical charm and modern functionality. The buildings offer 13-foot ceilings, three drive-in doors, and one elevator across two stories. With a minimum divisible space of 6,250 square feet and a maximum contiguous space of 12,500 square feet, the property is adaptable to various business needs. Currently, 12,500 square feet is vacant. The property sits on a 41,875 square foot lot with 352 feet of frontage and is zoned C-3. The property includes ample parking, a secured yard, and built-out offices. Its prime location in the Downtown Phoenix submarket of Maricopa County, Arizona (zip code 85007), provides excellent access to transportation and amenities. The property's APN is 111-30-095, 111-30-094, 111-30-093A, 111-30-092C, 111-30-092B, 111-30-092A, 111-30-091.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Phoenix, AZPhoenix. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.