723 Grand Ave, Phoenix, AZ 85007

LevRose Commercial Real Estate is pleased to present the opportunity to acquire the Historic OS Stapley building in Downtown Phoenix. The building is approximately 12,500 SF, is in gray shell condition, fully fire sprinklered and has frontage along Grand Avenue. The property has potential for uses such as, but not limited to: showroom, restaurant, warehouse, office, etc. The building is also multi-tenant capable and has a basement that is approximately 6,250 SF.

We are offering this building for $2,375,000 ($190/SF). The property is also available for lease at $19/SF NNN.

The property is located adjacent to multiple Downtown attractions such as: Hanny’s, Huss Brewing, Arizona Wilderness, Valley Bar, Thai Basil, The Churchill, Pomo, The Van Buren, etc.

History of the building - Orley Seymour (O.S.) Stapley began his business in 1895 in Mesa, AZ. The O.S. Stapley hardware store was built on Grand Avenue in Phoenix, AZ in 1917 and was originally the closest supplier to the Theodore Roosevelt Dam site, successfully providing construction materials. After acquiring the International Harvester franchise for both Maricopa and Pinal counties in 1916, Orley Seymour moved the headquarters to Grand Avenue and opened other stores in Glendale, Buckeye, and Chandler. In 1962 the hardware store closed and the buildings were used as an appliance store for car and industrial machinery repair. Developer Mark Abromovitz purchased the buildings in 2011 and restored them back to their original appearance while providing for contemporary use. The last tenant occupying the space was Tuft & Needle, who used it as a mattress showroom and offices. The buildings are now full of natural light, brick walls, and beautiful wooden trusses.