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Armory 1614 W Roosevelt St

34,732 SF Flex Building Phoenix, AZ 85007 $4,615,000 ($133/SF)

Investment Highlights

  • Strategic Location Situated at 1614 W Roosevelt St
  • Extensive Parking Facilities
  • Expansive Land Area Spanning 1.99 acres
  • Versatile spaces offering a blend of creative office spaces and functions warehouse areas

Executive Summary

Prime mixed-use creative office & warehouse and restaurant. The Armory is located at 1614 W Roosevelt St, Phoenix, AZ, and stands as a unique and versatile commercial real estate investment that seamlessly blends historic charm with modern functionality.
Originally constructed for the National Guard, this building was sold to a visionary private developer in 2012 and meticulously transformed into a dynamic multitenant mixed-use space. Today, it stands as a premier destination for businesses seeking a functional and creative environment close to downtown Phoenix.
Adjacent ±1.73 acres of land also potentially available for sale
Expansive Land Area: Spanning 1.99 acres, the property provides ample space for diverse business operations, enhanced by a gated yard that ensures security and privacy.
Abundant Parking: With extensive parking facilities, tenants and visitors can enjoy convenience and ease of access, a rare feature in downtown-adjacent properties.
Versatile Spaces: The building offers a blend of creative office spaces and functional warehouse areas, catering to a wide range of business needs from innovative startups to established enterprises. Each unit comes equipped with its own private HVAC system and control, polished concrete floors, and LED lighting. The Armory also has a shared conference room, break room, and 3 shared restrooms.
Historic Appeal with Modern Amenities: The property’s storied past as a National Guard facility adds a unique historical dimension, while its recent renovations ensure contemporary comfort and efficiency.
Historically Registered: The historic register recognizes buildings, structures, sites, objects, and districts significant in local, regional, state, or national history, architecture, archaeology, engineering, and culture. Properties are listed on the register by being rezoned with a Historic Preservation (HP) zoning overlay. Once listed, properties are protected from demolition and other adverse alterations through a special development review process. These historically registered properties are also eligible to receive city incentives to assist with rehabilitation.
Zoned PUD: The Planned Unit Development (PUD) zoning allows for a versatile mix of office, industrial, and entertainment uses, making it ideal for a wide range of business activities.

Data Room Click Here to Access

Property Facts

Price $4,615,000
Price Per SF $133
Sale Type Investment
Property Type Flex
Property Subtype Light Manufacturing
Building Class C
Lot Size 3.77 AC
Rentable Building Area 34,732 SF
No. Stories 2
Year Built/Renovated 1958/2014
Parking Ratio 3.46/1,000 SF
Clear Ceiling Height 18’
No. Drive In / Grade-Level Doors 1

Amenities

  • Fenced Lot

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 102
  • 202 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 105
  • 251 SF
  • Office
  • Spec Suite
  • Now

$585 per month.

  • 1st Fl-Ste 119
  • 2,624 SF
  • Restaurant
  • Full Build-Out
  • Now

Restaurant with hood and grease interceptor.

  • 2nd Fl-Ste 208
  • 671 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 102 202 SF Office Full Build-Out Now
1st Fl-Ste 105 251 SF Office Spec Suite Now
1st Fl-Ste 119 2,624 SF Restaurant Full Build-Out Now
2nd Fl-Ste 208 671 SF Office - Now

1st Fl-Ste 102

Size
202 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 105

Size
251 SF
Space Use
Office
Condition
Spec Suite
Available
Now

1st Fl-Ste 119

Size
2,624 SF
Space Use
Restaurant
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 208

Size
671 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 102

Size 202 SF
Space Use Office
Condition Full Build-Out
Available Now

1st Fl-Ste 105

Size 251 SF
Space Use Office
Condition Spec Suite
Available Now

$585 per month.

1st Fl-Ste 119

Size 2,624 SF
Space Use Restaurant
Condition Full Build-Out
Available Now

Restaurant with hood and grease interceptor.

2nd Fl-Ste 208

Size 671 SF
Space Use Office
Condition -
Available Now

Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
111-16-065B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$398,545

zoning

Zoning Code PUD (zoning allows industrial, warehouse, office uses.)
PUD (zoning allows industrial, warehouse, office uses.)
  • Listing ID: 31874141

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 1614 W Roosevelt St, Phoenix, AZ 85007

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