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1201 E Van Buren St 2,410 SF Vacant Retail Building Phoenix, AZ 85006 $1,500,000 ($622.41/SF)
EXECUTIVE SUMMARY
• Iconic freestanding corner building at Van Buren & 12th St, ideal for retail, restaurant, or creative office use
• Located on a high-visibility east–west arterial (Van Buren Street),capturing strong drive-by exposure
• Delivered as a shell — high flexibility to tailor to many uses (retail, restaurant, medical, office)
• Immediate access to dense residential demand — surrounded by high-density multifamily, with over 1,000 units within a 1-mile radius
• Adjacent to the VB on 12th luxury apartment community (235 units, 4-story, recently built)
• In the City’s historic Eastlake–Garfield District plan, Van Buren and 12th Street are targeted for concentrated multifamily growth and transit-oriented development
• Within blocks of X Phoenix Phase II, a 26-story mixed-use high-rise under construction delivering 352 multifamily units plus coworking / retail amenities
• Minutes from Central Station, a significant transit/infill project at Central & Van Buren, which includes a 33-story tower with multifamily housing — slated to complete in 2025
• Part of a robust downtown Phoenix development pipeline — new towers, mixed-use projects, and multifamily inventory pushing into this submarket
• Located on a high-visibility east–west arterial (Van Buren Street),capturing strong drive-by exposure
• Delivered as a shell — high flexibility to tailor to many uses (retail, restaurant, medical, office)
• Immediate access to dense residential demand — surrounded by high-density multifamily, with over 1,000 units within a 1-mile radius
• Adjacent to the VB on 12th luxury apartment community (235 units, 4-story, recently built)
• In the City’s historic Eastlake–Garfield District plan, Van Buren and 12th Street are targeted for concentrated multifamily growth and transit-oriented development
• Within blocks of X Phoenix Phase II, a 26-story mixed-use high-rise under construction delivering 352 multifamily units plus coworking / retail amenities
• Minutes from Central Station, a significant transit/infill project at Central & Van Buren, which includes a 33-story tower with multifamily housing — slated to complete in 2025
• Part of a robust downtown Phoenix development pipeline — new towers, mixed-use projects, and multifamily inventory pushing into this submarket
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,410 SF
Building Class
C
Year Built
1940
Price
$1,500,000
Price Per SF
$622.41
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.19
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Frontage
115’ on E Van Buren St
AMENITIES
- Restaurant
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 116-45-184 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $22,185 |
PROPERTY TAXES
Parcel Number
116-45-184
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$22,185
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1201 E Van Buren St
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