114 W ADAMS Street C103, Phoenix, AZ 85003
New Listing
$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
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 - The opening sequence of the 1960 Alfred Hitchcock film Psycho was filmed from the roof of this building. Contact broker for details and private tours.
More Information MLS# 6986244
Contract Info
Ownership: Fee Simple
Current Price: $1,800,000
List Price: $1,800,000
Status: Active
List Date: 2026-02-18
Location, Tax & Legal
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
House Number: 114
Compass: W
Street Name: ADAMS
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2015
County Code: Maricopa
Subdivision: ORPHEUM LOFTS COMMERCIAL UNIT AMD
Assessor Number: 112-21-585
Tax Year: 2025
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 9445
Ttl Apx Net Rnt Spc: 3262
# of Buildings: 1
Uncvrd Parking Spcs: 0
Year Built: 1990
Zoning: C-DT / COMMERCI
Currently Not Used
Sold Price Per SqFt: 190.58
Legal Info
Range: 3E
Section: 8
Township: 1N
Lot Number: C103
Construction
Brick: 1
Roofing
Other: 1
Floors
Concrete: 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: 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: 1
Office: 1
Business Type
Dental: 1
Mixed: 1
Service Business: 1
Religious Facility: 1
Packge Store(Liquor): 1
Restaurant: 1
Fast Food: 1
Medical: 1
Professional/Office: 1
Retail: 1
Food Service: 1
Bar/Tavern/Lounge: 1
Pmt & Rate Info
Equity: 1800000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
12.1 Feet to 14 Feet: 1
Heating
Electric: 1
Cooling
Chiller System: 1
Interior Features
Finished: 1
Other (See Remarks): 1
Loading Facilities
None: 1
Exterior
Building Sign: 1
Source of Fincl Data
Projected Proforma: 1
Fencing
None: 1
Water Source
Submetered System: 1
Individual Meter: 1
Other: 1
See Remarks: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Other: 1
Electric
APS: 1
Other (See Remarks): 1
Gas
SW Gas: 1
Other (See Remarks): 1
New Financing
Cash Only: 1
Owner May Carry: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Adjustable/Graduated: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Use Restrictions
CC&R's: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
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.
Geo Lat: 33.449615
Geo Lon: -112.075405
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
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