Listed by SVN | Desert Commercial Advisors
$600,000
2323 N Central Ave # 101
Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Street Retail
Square Footage 1,800
Units 119
Price per SqFt $333
Year Built 1964
Year Renovated 2004
Stories 22
Zoning C-2
Investment Type Owner/User
Retail | 1,800 SqFt
Marketing description
SVN is pleased to present a rare street retail condo opportunity at 2323 N Central Ave in Midtown Phoenix. The ±1,800 SF space is located within Regency on Central, a landmark 22-story residential tower built in 1965 and designed by architect George H. Schoneberger Jr. Recognized for its historic significance, the property has been thoughtfully updated through major renovations beginning in 2004.
Regency on Central includes 119 total units consisting of 114 luxury condos, four penthouses, and one ground floor retail space. The professionally managed building offers amenities including a 24-hour front desk, controlled access, fitness center, event space, underground parking, and a resort-style outdoor area with pool, spa, cabanas, grills, and fire pit.
Zoned C-2, the space supports a wide range of retail and service-oriented uses, creating an attractive opportunity for investors or owner-users.
Located in the heart of Midtown Phoenix, the property sits directly along North Central Avenue with traffic counts exceeding 20,000 vehicles per day and immediate access to the Valley Metro Light Rail, which runs along Central Avenue and provides convenient connectivity throughout the Phoenix metro area.
The surrounding Midtown submarket offers a strong mix of residential density, office employment, dining, arts, and entertainment. With a built in customer base from Regency on Central’s residents and a highly walkable urban environment, the property benefits from consistent activity and excellent accessibility within one of Phoenix’s most active corridors.
Investment highlights
- ±1,800 SF street-level retail condo
- Direct frontage on Central Avenue
- Located within Regency on Central, a 22-story residential tower
- Built-in customer base with 119 residential units in the building
- ±20,000+ vehicles per day
- Immediate access to Valley Metro Light Rail
- Zoned C-2 allowing a wide range of retail and service uses
- Prime Midtown Phoenix location near dining, arts, and entertainment
Listing Contacts
Listed by SVN | Desert Commercial Advisors
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