Property History
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Marketing Description
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.
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