114 W ADAMS Street C103, Phoenix, AZ 85003 (MLS# 6986244)

114 W ADAMS Street C103, Phoenix, AZ 85003

$1,800,000

Property Type: Comm/Industry Sale Square Footage: 9,445 Lot Size (sq. ft.): 3,268 Status: Active

Current Price: $1,800,000 List Date: 2/18/2026 Last Modified: 2/18/2026

Overview

Description

Downtown Phoenix Restaurant for Sale. An exceptional opportunity to lease a beautifully designed built-out restaurant in the heart of Downtown Phoenix in the Alfred Hitchcock Famous Orpheum Lofts Art Deco Style High-Rise Building. This turnkey space is designed to impress with a modern layout, stylish finishes, and extensive kitchen infrastructure -- ideal for an operator looking to launch quickly. Highlights: Prime downtown location with strong visibility and foot traffic. Spacious dining area and bar setup. Historic building with character and modern upgrades. Fully equipped kitchen and storage, ready for immediate operation. With its location, infrastructure, and complete build-out, this space is an outstanding opportunity for your next restaurant or hospitality venture.

Supplements: Possible Included Equipment on Separate bill of Sale: (2) Southwest 6-burner ranges with convection oven. Wood-fired grille. Volcan electric oven. Range with flat top and standard oven. Fryer. Reach-in freezer. 3-door bar fridge. Under-counter freezer. Walk-in cooler. Walk-in wine cellar. Wine fridge. Reach-in refrigerator. Fun Popular culture Fact ... (Read more)

Listing Details MLS# 6986244

Location, Tax & Legal

House Number: 114
Compass: W
Street Name: ADAMS
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2015
Country: US
County Code: Maricopa
Subdivision: ORPHEUM LOFTS COMMERCIAL UNIT AMD
Assessor Number: 112-21-585
Tax Year: 2025
Unit #: C103
Assessor's Map #: 21
Legal Description (Abbrev): LOT C103 ORPHEUM LOFTS COMMERCIAL UNIT AMD MCR
Assessor's Parcel #: 585
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114100
Taxes: 8511
Legal: LOT C103 ORPHEUM LOFTS COMMERCIAL UNIT AMD MCR

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Commercial
Ttl Apx SqFt Bldg: 9445
Ttl Apx Net Rnt Spc: 3262
# of Buildings: Yes
Year Built: 1990
Zoning: C-DT / COMMERCI
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Central Ave & Adams St
Directions: The Orpheum Lofts building is on the SW corner of 1st Avenue and Adams. Suite has premium frontage on 1st Avenue.

Legal Info

Township: 1N
Range: 3E
Section: 8
Lot Number: C103

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Currently Not Used

Sold Price Per SqFt: 190.58

Construction

Brick: Yes

Roofing

Other: Yes

Floors

Concrete: Yes

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: Yes
Annual Ownr Asoc Fee: 18000
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 26511
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes

Business Type

Dental: Yes
Mixed: Yes
Service Business: Yes
Religious Facility: Yes
Packge Store(Liquor): Yes
Restaurant: Yes
Fast Food: Yes
Medical: Yes
Professional/Office: Yes
Retail: Yes
Food Service: Yes
Bar/Tavern/Lounge: Yes

Pmt & Rate Info

Equity: 1800000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes
12.1 Feet to 14 Feet: Yes

Heating

Electric: Yes

Cooling

Chiller System: Yes

Interior Features

Finished: Yes
Other (See Remarks): Yes

Loading Facilities

None: Yes

Exterior

Building Sign: Yes

Source of Fincl Data

Projected Proforma: Yes

Fencing

None: Yes

Water Source

Submetered System: Yes
Individual Meter: Yes
Other: Yes
See Remarks: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Other: Yes

Electric

APS: Yes
Other (See Remarks): Yes

Gas

SW Gas: Yes
Other (See Remarks): Yes

New Financing

Cash Only: Yes
Owner May Carry: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Adjustable/Graduated: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Use Restrictions

CC&R's: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial; Office Business Type: Dental; Mixed; Service Business; Religious Facility; Packge Store(Liquor); Restaurant; Fast Food; Medical; Professional/Office; Retail; Food Service; Bar/Tavern/Lounge Construction: Brick Roofing: Other Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet Cooling: Chiller System Loading Facilities: None Interior Features: Finished; Other (See Remarks) Exterior: Building Sign Fencing: None Parking Features: Other Electric: APS; Other (See Remarks) Gas: SW Gas; Other (See Remarks) Water Source: Submetered System; Individual Meter; Other; See Remarks Sewer: Sewer - Public; Sewer-In & Connected New Financing: Cash Only; Owner May Carry; 1031 Exchange; Other (See Remarks) Lockbox Type: None Source of Fincl Data: Projected Proforma Existing 1st Loan: Private Existing 1st Loan Type: Adjustable/Graduated Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Use Restrictions: CC&R's Environmental: None

Listing Office: Versatile Properties

Last Updated: February - 18 - 2026