$564,200
Phoenix, AZ 85003
MLS# 6233982
Status: Closed
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Property Description
This historic Art Deco/Art Moderne building with 2,821 SF + 450 SF of basement space is superbly located adjacent to some of Phoenix's most exciting music, entertainment and nightlife. Many of these venues, such as Crescent Ballroom, The Van Buren and The Valley Bar are located in historic adaptive reuse projects, bringing a distinctive new personality to the area. 747 W. Van Buren brings a unique opportunity to add to the growing Downtown entertainment scene, with this rare sale. Located just West of the Southwest corner of Van Buren and 7th Avenue, the location is within walking distance of both the Grand Avenue Arts District and the Roosevelt Row Arts District, as well as the Downtown ASU Campus.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $564,200
Sold Price: $564,200
Status: Closed
List Date: 2021-05-10
Location, Tax & Legal
Assessor's Map #: 3
Assessor's Parcel #: 95
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 114301
Taxes: 7053
Legal: NE COR SD SEC 7 TH W 505.12F TH S 47F TO POB TH S 56.98F TH W 147.29F TH N 57.06F TH E 147.22F TO POB P/F 21-0189094
Map Code/Grid: P34
House Number: 747
Compass: W
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Country: US
County Code: Maricopa
Assessor Number: 112-03-095-D
Tax Year: 2021
General Property Description
Type of Property: Single-Tenant Office
Ttl Apx SqFt Bldg: 2821
# of Buildings: 1
Uncvrd Parking Spcs: 0
Year Built: 1949
Zoning: DTC-VANB HP
Construction
Brick: 1
Roofing
Other: 1
Floors
Vinyl: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7053
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Professional/Office: 1
Other: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 500000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8 Feet or Less: 1
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Other: 1
See Remarks: 1
Cooling
Central Air: 1
Office A/C: 1
Other: 1
See Remarks: 1
Interior Features
Public Restrooms: 1
Other (See Remarks): 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Unknown: 1
Traffic Count
15,001 to 25,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Building Features
Basement: 1
Conference Room: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Structure: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Fixed: 1
Existing 2nd Loan Terms
Non Assumable: 1
Existing 3rd Loan
Other (See Remarks): 1
Use Restrictions
Deed Restrictions: 1
Other (See Remarks): 1
Existing 3rd Loan Type
Fixed: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Non Assumable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 480.273.0718
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: W Van Buren St., and N 9th Ave
Directions: From N 7th Avenue and W Van Buren St., head West for approximately 1 block. The property is located on the corner of N 9th Ave., and Van Buren St., on the South side of the road.
Geo Lat: 33.451192
Geo Lon: -112.084408
Status Change Info
Off Market Date: 2021-08-20
Under Contract Date: 2021-08-06
Close of Escrow Date: 2021-10-01
Sold Price: $564,200
Legal Info
Lot Number: 5
Property Features
Building Type: Commercial
Business Type: Professional/Office; Other
Stories: 1 Story
Construction: Brick
Roofing: Other
Floors: Vinyl; Carpet
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Central Air; Office A/C; Other; See Remarks
Loading Facilities: None
Interior Features: Public Restrooms; Other (See Remarks)
Exterior: Corner Lot; Dual Street Ftg; Building Sign; Sidewalk(s)
Fencing: None
Building Features: Basement; Conference Room
Parking Features: Parking Structure
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Unknown
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Fixed
Existing 2nd Loan Terms: Non Assumable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Fixed
Existing 3rd Loan Terms: Non Assumable
Existing Othr Ln Trm: Other (See Remarks)
Road Surface Type: Asphalt
Traffic Count: 15,001 to 25,000
Use Restrictions: Deed Restrictions; Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
These areas continue to grow, and with many new multifamily projects having just been completed or currently under construction, the area is dense with young urban professionals and recent graduates.
As Downtown Phoenix continues to become a more walkable urban core filled with activity, restaurants, nightlife and tourism, this location is a rare opportunity to develop something extraordinary and make a permanent mark on the future of our city.
This property has a Historic Designation as well as a 30-Year Declaration of Restrictive Covenant.
See documents tab for 30-Year Declaration of Restrictive Covenant and Parking info.
Parking Info 
Listing Office: R.O.I. Properties
Last Updated: April - 24 - 2026
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