114 W Adams St
Phoenix, AZ 85003

SVN Desert Commercial Advisors, as sole representation is proud to present for sale or lease C-102, a retail condo on the ground floor 1st Ave side of The Orpheum Lofts in the core of Downtown Phoenix. Built-out as a second-generation restaurant space, C-102 is perfect for an owner-user that is looking to take over a space that operated as a functioning restaurant space previously and is wanting to get up and running quickly. With a large walk-in cooler that offers guest side access doors, an installed hood, and above ground grease trap this property is ready to go. This retail condo is being offered at a $725,000 purchase price or $22.00 NNN lease rate. Located on the NE corner of 1st Ave and West Adams Street this suite has it all. With a population of ±25,163 and a day time working population in excess of 66,000, there is plenty of traffic to maintain any tenant. Factoring in the 11% projected increase in downtown population in the downtown core, 5+ new multifamily developments in the immediate vicinity, ASU Downtown a short walk away, and a new hotel being built on the west side of the subject property the increase in foot traffic in the immediate area is substantial. Additionally located in immediate proximity to the property are numerous retail and office destinations including the US Bank building, Chase Tower, The Phoenix Convention Center, 44 Monroe, CityScape, and Freeport McMoRan to name a few. The condo is also minutes off of the I-10 and lies just north of the Warehouse District, Phoenix's next up and coming development corridor.