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609 N 5th Ave
Phoenix, AZ 85003
Retail Property For Sale
Investment Highlights
- Historic commercial building in Downtown Phoenix
- Surrounded by luxury apartments and cultural landmarks
- Exceptional traffic exposure near major thoroughfares
- Permitted for restaurant use with on-site parking
- Adjacent to Cibo and steps from The Vig
Executive Summary
Own a piece of Phoenix history with this unique commercial property at 609 N 5th Avenue. Perfectly positioned in the thriving Downtown Phoenix corridor, this asset offers unmatched visibility and walkability amid a booming urban landscape. The building’s historic character provides an authentic backdrop for boutique dining, specialty retail, or creative office concepts, while its restaurant-ready zoning accelerates development timelines. Surrounded by high-end residential communities, cultural venues, and major employers, the property sits at the epicenter of one of the fastest-growing downtown districts in the Southwest. With robust population growth and rising household incomes, this location represents a strategic investment in a market defined by innovation and lifestyle appeal.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,380 SF
Building Class
C
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
5 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
76’ on N 5th Ave
Property Taxes
| Parcel Number | 111-39-024 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $54,200 |
Property Taxes
Parcel Number
111-39-024
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$54,200
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