Retail Space - For Sale
702 North Central Avenue Phoenix, AZ 85004
Details & Description
Price: $7,250,000
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.803
  • Building Sq Ft 18,058
  • Building Price per Sq Ft $401.48
  • Land Sq Ft 34,978
  • Land Price per Sq Ft $207.27
The subject property consists of a two story ±18,058 SF retail building currently occupied by The Grand, a 24/7 restaurant and coffee shop, and Club Downtown, a prominent night club. The site consists of a ±0.80 AC lot in the heart of Downtown Phoenix. The buildings were built in 1958 and have been recently renovated by the current owner with exposed ceilings and industrial finishes throughout.
Additional Photos
Listing Agents
Paul Borgesen III

O: 480-425-5516
M: 602-214-9033
paul.borgesen@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

702 North Central Avenue

Phoenix, AZ 85004

Listing ID: 235800
$7,250,000
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.803
  • Building Sq Ft 18,058
  • Building Price per Sq Ft $401.48
  • Land Sq Ft 34,978
  • Land Price per Sq Ft $207.27
  • 702 North Central Avenue Phoenix, AZ 85004 | for Sale | Photo 1
  • 702 North Central Avenue Phoenix, AZ 85004 | for Sale | Photo 2
  • 702 North Central Avenue Phoenix, AZ 85004 | for Sale | Photo 3
  • 702 North Central Avenue Phoenix, AZ 85004 | for Sale | Photo 4
  • 702 North Central Avenue Phoenix, AZ 85004 | for Sale | Photo 5
702 North Central Avenue | for Sale | Thumbnail 1
702 North Central Avenue | for Sale | Thumbnail 2
702 North Central Avenue | for Sale | Thumbnail 3
702 North Central Avenue | for Sale | Thumbnail 4
702 North Central Avenue | for Sale | Thumbnail 5
Description

The subject property consists of a two story ±18,058 SF retail building currently occupied by The Grand, a 24/7 restaurant and coffee shop, and Club Downtown, a prominent night club. The site consists of a ±0.80 AC lot in the heart of Downtown Phoenix. The buildings were built in 1958 and have been recently renovated by the current owner with exposed ceilings and industrial finishes throughout.

Loan and Amortization Calculator

Listing Price
Down Payment

Loan Amount:
Interest Rate:
Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Phoenix Area Market Trends

Listing Demographics for 702 North Central Avenue Phoenix, AZ 85004

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population16,110108,167372,092
Population Median Age363534
Population by Age0-9 Yrs996 (6%)13022 (12%)55044 (14%)
10-19 Yrs2162 (13%)14489 (13%)53738 (14%)
20-29 Yrs4211 (26%)20207 (18%)66452 (17%)
30-39 Yrs3018 (18%)18019 (16%)58957 (15%)
40-49 Yrs1832 (11%)13288 (12%)47315 (12%)
50-59 Yrs1523 (9%)13301 (12%)41540 (11%)
60-69 Yrs1446 (8%)9590 (8%)28036 (7%)
70+ Yrs922 (5%)6250 (5%)21008 (5%)
Median HH Income$38,206$42,353$42,327
Total Household Income< 24K2706 (36%)13296 (31%)39404 (30%)
25-49K1655 (22%)11011 (25%)35623 (27%)
50-74K1034 (13%)6896 (16%)22040 (16%)
75-99K622 (8%)4228 (9%)12551 (9%)
100-199K1035 (13%)5387 (12%)16772 (12%)
200K+442 (5%)1613 (3%)4345 (3%)
Highest Education LevelNo Diploma19061770864214
Diploma or GED18651525857070
Some College22961438745882
Assoc. Degree578437313869
Bachelors Degree25401243732900
Higher Degree1792772318680
Total Housing Units9,14549,536148,594
--Owner-Occupied1,80715,68350,740
--Renter-Occupied5,68626,74879,994
Owner-Occupied Values< 100K172252110029
100-199K289412116650
200-299K569449711701
300-399K28824795963
400-499K2039252688
500K+28711403709
Total Working Age Population14,53786,710285,609
In Work Force9,58657,389185,267
Not In Work Force4,95129,321100,342
Workforce Employed9,08154,227173,720
Workforce Unemployed4913,14411,397
Civlian Workforce9,57257,371185,117
Military Workforce1418150
Total Households7,49342,432130,735
Family Households2,01919,52071,075
Non-Family Households5,47422,91259,660
Married Couple1,25310,91239,568
Other Family7668,60831,507
Married w/Child3994,63019,091
Single Male w/Child1051,4694,455
Single Female w/Child3133,60313,765

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Arizona5,130,632+256,392,017+147,286,100+148,284,900
Maricopa County3,072,149+243,817,117+164,436,900+155,107,700
Pinal County179,727+109375,770+24466,200+32616,200

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
911 North 4th Street, Phoenix, AZ CALL 10855 0.66
7th Ave Roosevelt St, Phoenix, AZ CALL 30000 -
1717 West Latham Street, Phoenix, AZ $450,000 2000 1
1134 West Grant Street, Phoenix, AZ $135,000 1647 0.17
3611 North 7th Street, Phoenix, AZ $1,275,000 6400 0.49
1738 East Thomas Road, Phoenix, AZ $700,000 3110 1
10 North 24th Street, Phoenix, AZ $950,000 4284 0.5
2426 East Jefferson Street, Phoenix, AZ $625,000 2509 0.46
635 West Glenrosa Avenue, Phoenix, AZ $1,200,000 12265 0.54
4522 North 7th Street, Phoenix, AZ CALL 16500 1.27
Closest Commercial Airports
Airport Distance (mi)
Phoenix Sky Harbor International Airport (PHX) 4
Tucson International Airport / Morris Air National Guard Base (TUS) 114
McCarran International Airport (LAS) 252
Listing Agent
More listings from Paul Borgesen III
Featured Local Vendors
• SUPPORT OUR FREE PLATFORM •
The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
• Commercial Surveying •
Alliance Land Surveying logo
Schedule your survey today!
• Property Inspection •
Advantage Inspection Service logo
We find what you may have missed!
• Signage •
Parvin-Clauss Sign Company logo
Click here to make a statement!
• Port-a-Potty •
Porta Potty Dogs  logo
Sometimes you just need to go....
• Custom Radius Reports •
Cubit logo
Get the data you need. Click here
• Appraisal Company •
AmeriMac logo
Proper valuation for buying or selling
• Dumpster Service •
Dumpster Rental Dogs  logo
Dumpsters delivered to your door!
• Digital Media Services •

Share