301 Osborn RdPhoenix, AZ 85013

Property Details for 301 Osborn Rd

Year built

1971

Construction

CONCRETE

Lot size

0.77 AC

Property size (Sq ft)

42,277 SF

Zone code

C-1

Property type

Office buildings

APN

118-38-128G

APU

11838128G

Description

This exceptional 40,000+ square foot office building, located at 301 W Osborn Rd in Phoenix, AZ, presents a compelling value-add opportunity. Situated in the heart of Midtown Phoenix, this four-story, 1970-built concrete structure boasts approximately 12-foot ceiling heights and a subterranean parking garage with over 66 spaces, plus 39 additional above-ground spaces. The property is conveniently located adjacent to the Park Central development, home to Creighton University, Class A office space, retail, and restaurants. Its proximity to two light rail stations and major freeways ensures excellent accessibility. Zoned C1/HR, this versatile property allows for a wide range of uses, including office conversion to multifamily or hospitality, or as a commercial end-user space. Recent upgrades to the parking garage represent a substantial investment. The building's stripped-down concrete shell provides a blank canvas for a repositioning or repurposing project. This central location offers easy access to Downtown and Uptown Phoenix, along with numerous dining, shopping, and entertainment options. The property's 33,541 square foot lot and Maricopa County APN 118-38-128G further define this unique investment opportunity, currently listed at $4,000,000. The building's proximity to vibrant neighborhoods and amenities makes it ideal for a variety of uses, including short-term rentals. This is a rare chance to acquire a substantial property in a thriving urban core.

• CAP approach

  CAP return

  Valuation

  6%

  $9,341,367

  6.5%

  $8,622,800

  7%

  $8,006,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,517,000

  Geo Method

  $6,517,000

• Alternative Use

  Use

  Valuation

  Residential

  $10,692,272

  Hospitality

  $9,794,064

  Educational

  $8,148,546

  Medical

  $8,428,787

  Retail

  $12,675,516

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4873

Longitude

-112.079

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].