301 E Virginia Ave
Phoenix, AZ 85004
301 East Virginia Avenue · Office Property For Sale

301 E. Virginia Avenue consists of approximately 31,288 SF of office space in four floors. The ground floor space totals ±6,050 square feet and the floor plates on the upper floors (2 through 4) total ±8,400 square feet. The building sits on top of a spacious single-level underground parking garage with 42 parking spaces. This equates to a ratio of 1.34 underground parking spaces per 1,000 square feet. Additional parking is provided from surface spaces bringing the overall parking ratio of the building to an outstanding ±5.4 spaces per 1,000 square feet. The building was constructed in 1981 using a durable concrete and steel frame construction system with exterior glass curtain walls. The clean steel beams and metal decking used in this construction system is highly conducive to a conversion of the interior improvements to cutting-edge, exposed ceiling creative' tenant space or residential finishes. An elevator and two internal stairwells provide access between floors. The elevator also serves the underground parking garage. The HVAC system is comprised of two roof-mounted cooling towers connected by a closed loop system to ceiling mounted heat pumps. 301 E. Virginia Avenue is strategically located at the hard corner of 3rd Street and Virginia Avenue in Phoenix' s rapidly transforming Midtown submarket. 301 E. Virginia Avenue is benefiting from the powerful urban revival with new residential, restaurants, coffee houses and bars transforming the location towards a more 24-hour live-work-play environment. In addition to light rail, this transformation has been influenced by anchor cultural, educational, research, sports and healthcare institutions in the area, including Arizona State University' s 15,000-student downtown campus, and the Phoenix Biomedical Campus. As a result substantial residential development has commenced with several new luxury apartments and condominiums under construction in Central Phoenix.