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394 N 3rd Ave
Phoenix, AZ 85003
Office Property For Sale
Investment Highlights
- Office building for sale in a highly desirable DT Phx location
- Twelve dedicated parking spaces which is a premium in DT Phx
- Tremendous walkability in an area surrounded by countless amenities
- Highly functional office layout with mostly private offices
- Neighboring lot (9,952 SF) for sale creating assemblage/expansion opportunities
- Convenient access in and out of DT Phx
Executive Summary
SVN is proud to present to the market for sale or lease this 3,433 SF office building in a prime location in Downtown Phoenix on a 8,856 SF lot. The property was recently remodeled and includes a highly functional office layout featuring mostly private offices, a large conference room, a kitchen, and two restrooms. The property features twelve parking spaces in a submarket in which dedicated parking is an absolute premium. It is worth noting that the Seller also owns the neighboring 9,952 SF lot creating opportunity for additional parking and future redevelopment opportunities on a premium site in Downtown Phoenix.
Nestled in the heart of downtown Phoenix, this property sits amid a vibrant mix of historic charm and modern amenities. Walkability is a standout feature, with a wide array of dining, entertainment, and cultural options just steps away. The neighborhood is energized by ongoing development, including Class A office space and urban housing, drawing a steady stream of professionals, residents, and visitors. Notably, the area is home to several educational campuses including Arizona State University's downtown campus among others, enriching daytime foot traffic, providing a steady workforce pipeline, and enhancing the district’s dynamic, knowledge-driven identity. Strategically positioned with easy access to the I-10 Freeway, this property benefits from Phoenix’s expanding economic landscape and resilient demand.
Nestled in the heart of downtown Phoenix, this property sits amid a vibrant mix of historic charm and modern amenities. Walkability is a standout feature, with a wide array of dining, entertainment, and cultural options just steps away. The neighborhood is energized by ongoing development, including Class A office space and urban housing, drawing a steady stream of professionals, residents, and visitors. Notably, the area is home to several educational campuses including Arizona State University's downtown campus among others, enriching daytime foot traffic, providing a steady workforce pipeline, and enhancing the district’s dynamic, knowledge-driven identity. Strategically positioned with easy access to the I-10 Freeway, this property benefits from Phoenix’s expanding economic landscape and resilient demand.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,433 SF
Building Class
C
Year Built
1981
Price
$1,500,000
Price Per SF
$436.94
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,433 SF
Building FAR
0.39
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
DTC-VANB - DTC-VANB, Downtown Core
Parking
15 Spaces (3.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 111-41-076 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $85,261 |
Property Taxes
Parcel Number
111-41-076
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$85,261
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