300 W Camelback Rd 18,599 SF 100% Leased Retail Building Phoenix, AZ 85013 $10,684,692 CAD ($574.48 CAD/SF) 5.58% Cap Rate

Kocour Company is pleased to present The Newton Phoenix, a nationally recognized, award-winning mixed-use asset strategically located at the northwest corner of 3rd Avenue and Camelback Road in Uptown Phoenix—one of the city’s most established and supply-constrained submarkets.
Situated on approximately 1.20 acres at a signalized hard corner along the light rail, the property encompasses
18,599 square feet of architecturally distinctive, multi-tenant retail, dining, and event space. Reimagined by
Venue Projects, The Newton Phoenix represents a best-in-class adaptive reuse project that combines historic
character with modern functionality, creating a durable and differentiated investment asset.
Originally constructed as the iconic 1960s steakhouse Jay Newton’s Beefeaters, the property underwent a
comprehensive renovation and reopened in 2014. The redevelopment preserved irreplaceable architectural
elements while integrating contemporary design features, including floor-to-ceiling glass, exposed trussed
ceilings, indoor-outdoor green space, and custom fireplaces constructed with vintage Queen Creek adobe
brick. These elements create a unique experiential environment that drives tenant demand and sustained
consumer traffic.
The Newton benefits from strong co-tenancy and a curated mix of high-performing independent operators,
including Changing Hands Bookstore, First Draft Book Bar, The Toasted Owl, Tesota, event venues, and
meeting/event spaces. This complementary ecosystem fosters cross-traffic and enhances tenant stability
through diversified revenue streams across retail, food & beverage, and event uses.
Adjacent to the Rise Uptown Boutique Hotel and surrounded by dense residential historic neighborhoods and
established retail corridors, the property is positioned as both a neighborhood anchor and regional
destination. Its irreplaceable location, architectural authenticity, and proven tenant synergy create meaningful
barriers to entry and long-term value preservation.
The Newton Phoenix offers investors the opportunity to acquire a one of a kind stabilized, institutionally
recognized asset with strong branding, embedded community presence, and durable positioning within one of
Phoenix’s most desirable urban corridors.