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3243 N 3rd St 6,136 SF Retail Building Phoenix, AZ 85012 $4,295,000 ($699.97/SF)

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INVESTMENT HIGHLIGHTS

  • Artful Real Estate Opportunity
  • Located in Mid-Town Phoenix with high employment and population.
  • * All Furniture, Fixtures and Equipment can be made available.
  • Multiple concepts/uses potentials.
  • Large common areas in addition to multiple patios
  • Please do disturb Tenant.

EXECUTIVE SUMMARY

Kocour Company is pleased to offer this iconic restaurant building known as Ocotillo. Ocotillo is located at the corner of Third Street and Flower in Midtown Phoenix. The indoor/outdoor design blends native desert flora with modern architecture.  The inviting indoor space has a full-service bar, dining room and a communal wine events area.
Outdoors, you will find several unique spaces including the Ramada, the Flower Street patio, the Beer Garden, Lucy’s lawn and the Sidecar Cocktail Lounge.
The buildings surround and compose a dramatic outdoor dining and event courtyard complete with lush shady landscaping and multiple patios. The property features a multitude of community space with enclaves of gathering spaces with an event lawn, communal tables, seating ramadas, and nook seating throughout the property.
Naturally rusted corrugated panels and steel canopies carve the intimate sections of the indoor/outdoor compound. A second story cargo container also features office space. All Furniture, Fixtures and Equipment can be made available.
Embraced by resident's valley wide, this legacy dining and event venue offers a truly authentic Phoenix, Arizona experience. Ocotillo is a one-of-a-kind collector property that will appreciate in time.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,136 SF
Building Class
C
Year Built/Renovated
1966/2010
Price
$4,295,000
Price Per SF
$699.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.86 AC
Zoning
C-T

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Courtyard
  • Restaurant
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Ocotillo
  • Accommodation and Food Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Ocotillo Accommodation and Food Services - - -
Walk Score®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

National Bank Of Arizona
PNC Bank
Bank of America
EoS Fitness
Starbucks
First Watch
Wells Fargo Home Mortgage
Chase Bank
U.S. Bank
Sprouts Farmers Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
118-22-162
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$292,368
  • Listing ID: 39214439

  • Date on Market: 1/26/2026

  • Last Updated:

  • Address: 3243 N 3rd St, Phoenix, AZ 85012

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