407 W Osborn Road Phoenix, AZ

Property

Overview

Urban Luxe Real Estate is pleased to present a once in a lifetime opportunity to own this iconic, architectural wonder embedded deep into the history of Phoenix. Originally designed by architecture firm Lescher & Mahoney and used as their own studio and office, it remains today as one of the most iconic mid century modern buildings in Phoenix with masterfully designed interior and exterior spaces, built on a concrete shell with precast concrete wall panels forming the exterior walls of the upper story, and deep overhangs protecting the windows from direct sun helping with energy efficiency. Three wings of the building with a split level floor plan are centered around a square courtyard serving as the main entrance with covered gateway. Underwent extensive renovation in 2004 led by architectural firm Weddle+Gilmore and landscape architectural firm Floor Associates.

Lescher & Mahoney was one of the most prolific architectural firms in the history of Phoenix, with work spanning from 1910 to 1974. As Beaux Arts-trained architects, their versatility to remain relevant throughout their lives and well beyond was achieved through usage of a wide diversity of styles ranging from Period Revival, Art Deco, Spanish Colonial Revival, Mediterranean, International Style, Expressionist. More notable works in Phoenix include: 1928 Orpheum Theatre, 1928 Brophy College Chapel, 1929 Maricopa County Courthouse/Phoenix City Hall, 1931 Orpheum Lofts, 1947 Hanny's Store, 1953 St. Joseph's Hospital, 1964 Veterans Memorial Coliseum.

Property Highlights

• Sale Price: $1,600,000 ($225/sf)

• Building Size: ±7,105 sq ft GBA. ±6,771 sq ft RBA

• Land Area: 0.43 acres / 18,731 sq ft

• Year Built : 1962/Major Renovation 2004

• Stories: Split level, 3 floors

• Parking: 22 total spaces or 3.25/1,000

• Zoning: R-5 (Multifamily Residence District)

Address

407 W. Osborn Rd.
Phoenix, AZ 85013

Aerial Flyover

Location

Area Overview

• Prime location in Midtown Phoenix seeing significant redevelopment in area
• Walking distance to Park Central Mall - $57 million redevelopment project in progress
• Walking distance to future 200,000 sq ft $100 million health sciences campus of Creighton University
• Close to Valley Metro light rail (1/3 mi to stop)
• Close proximity to I-10, I-17, & SR-51 freeways
• Minutes from Downtown Phoenix, ASU Downtown Campus, UofA Biomedical Campus

Demographics

1 Mile 3 Mile 5 Mile
2019 Population: 21,633 201,076 489,119
Average Age: 38.4 35.9 35.3
2019 Total HH: 10,955 81,132 177,072
Median HH Inc: $49,572 $43,102 $40,732
Median Home Value: $227,008 $217,387 $196,700

Sales

Brokerage Team

We are Urban Luxe Real Estate. We service all of your commercial real estate brokerage needs with experience representing sellers, buyers, landlords, and tenants in a wide variety of property types from multi-family, retail, office, hospitality, land, and industrial. With a background in design, construction, and development industries our team is well equipped to handle all levels of service in commercial real estate. This diverse background gives us real advantages that fosters a better experience and results for our clients. From negotiating, to concept design envisioning, to entitlements review, due diligence, to financial analysis our goal is to help clients minimize financial risk and maximize investment returns.

avatar

Shawn Beaird

Commercial Director
602-793-2753 Shawn@UrbanLuxeRE.com

Contact us for more information.

Phone
602-793-2753
Fax
623-505-2419
Address
7077 E. 5th Ave.
Scottsdale, AZ 85251