3225 N Central Ave, Phoenix, AZ 85012

Located in the heart of Midtown Phoenix, One Lexington is an opportunity to own a live-work office/retail condo in the prestigious high-rise residential project across the street from the newly energized Park Central Mall.

There are very few opportunities to own a ground floor 4,231-square-foot property with a Central Avenue address at a light rail station. Condo is located at 3225 N. Central Avenue.

This property has the advantage of being in a residential high-rise, but on the ground floor with its own exterior entrance. There is an abundant amount of parking allocated to this suite and the parking is a very short distance from the entrance.

The interior of the property features high ceilings and open floor plans. The cost to operate this property is estimated to be $8.60 per square foot for 2020.

The location is across the street from Park Central Mall, which has recently added a nine-story multifamily residential development, a $100 million 180,000-square-foot Creighton University health sciences campus, and other renovations and redevelopment of existing buildings on that site.

The redevelopment of Park Central is having a very positive effect on all of the surrounding properties. In any given market cycle, properties in locations like this should outperform other locations.

Parking: 24 spaces in the adjacent parking structure, of which three are reserved