For Lease
Available Space
-
Time on Market
over 6 years
-
Space ID
1609662
-
Overview
One Lexington offers the freedom to utilize the creative, high-tech build out already in existence within the space
-
Presented By
Colliers | PhoenixJohn BarnesJLLKyle SeegerRyan Bartos
Property Details
Ground Floor Office-Retail Condo for Sale Next to Light Rail Station
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
- Property TypeOffice, Retail
- Submarket
- Year Built1974Renovated 2007
- Total Building Size5,662RSF
- Total Acres0.1
- Total Available5,662RSF
- Largest Contiguous5,662RSF
- ZoningC-2, Highrise, city of Phoenix
- Property ID1997857