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Central and Osborn Retail 2 Retail Properties Offered at $13,835,150 CAD in Phoenix, AZ
Investment Highlights
- Central & Osborn offers potential investors the opportunity to acquire a legacy corner with future redevelopment potential.
- The property sits directly on the Valley Metro Light rail line. The system connects major destinations throughout the Phoenix metropolitan area.
- The intersection is within the Midtown corridor, an area known for office towers, medical centers, and walkable urban neighborhoods.
- Rare opportunity to acquire 2.83 acres of land in a market where premier corners are increasingly scarce.
Executive Summary
Bernstein Murphy is pleased to be the exclusive advisor for the disposition of the NWC of Central Avenue and Osborn Road in Phoenix, Arizona- an exceptional covered land / future redevelopment opportunity on one of Midtown Phoenix's premier intersections. Under current ownership since development in 1995, the offering presents a rare chance to acquire 2.83 acres of land anchored by two established retail buildings positioned on a highly visible intersection. Benefiting from exceptional frontage, strong traffic counts, and a strategic location within one of the city’s most dynamic growth corridors, the properties present a rare chance to acquire a landmark retail asset with enduring value. Its corner positioning, immediate proximity to the Valley Metro Light Rail, and redevelopment potential make it a compelling investment in a market where premier corners are increasingly scarce.
Property Facts
| Price | $13,835,150 CAD | Number of Properties | 2 |
| Price / SF | $410.72 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 33,685 SF |
| Sale Type | Investment | Total Land Area | 2.86 AC |
| Status | Active |
| Price | $13,835,150 CAD |
| Price / SF | $410.72 CAD / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 33,685 SF |
| Total Land Area | 2.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Staples
106 W Osborn Rd, Phoenix, AZ 85013 |
Retail | 20,291 SF | 1995 | - |
|
Walgreens
3402 N Central Ave, Phoenix, AZ 85012 |
Retail | 13,394 SF | 1995 | - |
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