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The Agora 4205 N 7th Ave

24,746 SF Vacant Office Building Phoenix, AZ 85013 $3,500,000 ($141/SF)

Investment Highlights

  • The Agora at 4205 N 7th Avenue in Phoenix's Melrose District offers 24,746 square feet of modern office space in a prime location.
  • High-visibility signage, ample surface, and covered parking along N 7th Avenue offer convenient visibility and access to businesses and tenants.
  • Across from Copper Star Coffee and along the bustling Melrose Mile, 4205 N 7th Avenue is surrounded by shops, galleries, and dining.
  • Recently renovated, the property features a refreshed exterior and bright office spaces with wall-to-wall windows and vibrant balconies.
  • Located 11 minutes from Downtown Phoenix and near the Piestewa Freeway, The Agora enjoys excellent connectivity to the greater region.
  • With 75% occupancy and flexible leases, the offering is a prime owner/user or investment opportunity with a 3% buyer's commission.

Executive Summary

The Agora office building is a prime property in the vibrant Melrose District of Phoenix at 4205 N 7th Avenue. This impressive three-story structure spans 24,746 square feet, offering modern office solutions along a bustling commercial corridor. The building was initially constructed in 1987 and has been recently updated with fresh renovations to its common areas, an exterior paint job, and enhanced landscaping. The interior features wall-to-wall windows that flood the office spaces with natural light and airy balconies overlooking the surrounding area, creating an inviting and productive work environment.

With ample covered and surface parking and high visibility signage opportunities along N 7th Avenue with customizable business placards, The Agora presents a fantastic owner/user and investment opportunity. Currently 75% occupied with negotiable month-to-month leases, the building offers flexibility with the option to vacate tenants promptly if needed or benefit from in-place income. The Agora is also strategically located just 11 minutes from Downtown Phoenix and is conveniently positioned between Interstate 17 and the Piestewa Freeway, with seamless access to Interstate 10.

Situated directly across from Copper Star Coffee, a beloved local drive-thru coffee shop, and nestled within the Melrose Mile, a high-traffic area known for its eclectic mix of antique shops, art galleries, dining spots, and vibrant nightlife, 4205 N 7th Avenue enjoys excellent visibility and accessibility. This is a rare opportunity to invest in a well-maintained, strategically positioned property in one of Phoenix's most dynamic neighborhoods. A 3% commission is offered to the buyer or their agent.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
24,746 SF
Building Class
B
Year Built/Renovated
1987/2011
Price
$3,500,000
Price Per SF
$141
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,249 SF
Building FAR
0.68
Lot Size
0.84 AC
Zoning
C-2, R-5, Phoenix - Dual Zoning: Commercial C-2 & Multi Family R-5
Parking
70 Spaces (2.83 Spaces per 1,000 SF Leased)

Amenities

  • Balcony
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (83)
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.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
22,491
176,872
454,199
2024 Population
24,212
187,469
470,769
Population Growth '20-'24
7.7%
6.0%
3.7%
2020 Households
11,442
75,255
174,106
2024 Households
12,293
80,422
182,070
Household Growth '20-'24
7.4%
6.9%
4.6%
Average Age
38
36
36
Median Household Income
$59,648
$57,823
$56,388
Daytime Employees
16,156
142,968
338,304
Total Businesses
2,441
18,844
34,031
College Degree + Higher
40%
34%
27%

Nearby Amenities

Restaurants

Filiberto's Mexican Food - - 2 min walk
Melrose Kitchen Diner $ 4 min walk
Scooter's Coffee Cafe - 5 min walk
Nora Asian Fresh Japanese - 6 min walk
Thai Long Thai $$ 8 min walk
Crazy Jim's Restaurant Pizza $$ 13 min walk

Retail

Wag N Wash Animal Care/Groom 3 min walk
Natural Grocers Supermarket 6 min walk
Goodwill Dollar/Variety/Thrift 5 min walk
Freeway Insurance Insurance 6 min walk
United States Postal Service Business/Copy/Postal Services 6 min walk
Health Mart Pharmacy Drug Store 7 min walk

Hotels

GreenTree Inn
105 rooms
3 min drive
Hilton Garden Inn
156 rooms
3 min drive
Embassy Suites by Hilton
242 rooms
6 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 155-39-002
  • 155-39-001
Land Assessment
$18,485
Improvements Assessment
$0
Total Assessment
$386,742
  • Listing ID: 32823848

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 4205 N 7th Ave, Phoenix, AZ 85013

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