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Property Detail

North 7th Avenue
The Agora at 4205 N 7th Avenue in Phoenix's Melrose District offers 24,746 square feet of modern .
$3,500,000
Manufacturer: https://muss.com/

Description

  • 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.
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  • High-visibility signage, ample surface, and covered parking along N 7th Avenue offer convenient visibility and access to businesses and tenants.
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  • 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.
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  • Located 11 minutes from Downtown Phoenix and near the Piestewa Freeway, The Agora enjoys excellent connectivity to the greater region.
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  • 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.

The Agora4205 N 7th Ave

Listing ID : 00947

SKU: 947

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Price History

DateEventPrice
December 16 2024Listed$3,500,000.00