5801-5813 N 7th St
Phoenix, AZ 85014
The Crown on 7th - Urban Infill Redevelopment · Retail Property For Sale

CBRE has been retained as the exclusive representative to offer qualified investors the opportunity to acquire The Crown on 7th (the “Property”) located on 7th street, just south of Bethany Home Road in Phoenix. An adaptive reuse project by DVDWG 7th Street LLC, Crown on 7th has transformed the former Crown Imports building (an eclectic retail store that delighted shoppers for 52 years) into a Phoenix neighborhood hub, housing specialty retailers and unique dining concepts. Crown on 7th, named for its location, the building’s history and for the promise the infill project holds, is an exciting destination where people can meet, shop, relax, eat and drink. Crown on 7th is currently home to Phoenix Ale Brewery Central Kitchen, Pubblico Italian Eatery, The Local Barber & Shop, The Village Eye Works, TenPoint5 Barre Studio, and The Root Salon. Wildflower Bread Company and Rito’s Mexican Food are now open. In classic mid-century design, a central courtyard at Crown on 7th offers a lush garden sanctuary, providing a hideaway from bustling city life much like the tenants who share the space. The offering consists of a newly renovated, ±18,425 square foot multi-tenant plaza comprised of a complimentary mix of several of Phoenix’s best restaurants in the heart of Phoenix’s historic and affluent North Central neighborhood and along metro Phoenix’s most dominant North/South thoroughfare, 7th Street. The 7th Street Corridor has become Phoenix’s premier dining and entertainment hot spot with many of the Valley’s top restaurateurs having their top-tier eatery concepts located within the booming trade area. The Property benefits from excellent visibility along 7th Street, which boasts more than ±33,000 vehicles per day (Source: City of Phoenix, 2016) and connects the historic North Central neighborhood with downtown Phoenix and the Central Business District. Crown on 7th further benefits from being surrounded by dense, affluent neighborhoods with nearly 415,000 residents and over 247,000 employees within a 5-mile radius (Source: Esri).