200 E Mitchell Dr
Phoenix, AZ 85012
Financial Plaza · Office Property For Sale

SVN is pleased to present the exclusive offering of 200 E. Mitchell in the heart of Midtown Phoenix. The property consists of a ±20,106 SF three story building on four parcels totaling 0.65 AC zoned both C-O and R-5. There is a total of 62 parking spaces for a 3.1/1,000 SF ratio. Majority of parking spaces are fully covered by the building constructed on stilts. The property was built in 1978 using sustainable concrete and steel frame construction. The HVAC system consists of a ground mounted cooling tower connected by a closed loop system to ceiling mounted heat pump. Currently, there are two tenants in the building, both on month to month leases offering great flexibility for an owner user/investor to acquire the property. The Seller is in the process of completing construction on the top level that will consist of mainly demolition to expose the floor to ceiling to allow for a more open floor plan and creative space. The subject property is well located in the heart of Midtown Phoenix at the northwest corner of Mitchell Dr. and 3rd St. This location offers convenience to the Light Rail as well as the I-10 and 51 Freeways. The area is experiencing tremendous redevelopment with a surge of new apartments being built as well as a number of new award winning restaurants entering the submarket. Downtown Phoenix is merely minutes away offering an even wider spectrum of amenities including entertainment districts, historical neighborhoods, and sports venues for the Phoenix Suns and Arizona Diamondbacks.