$1,800,000

Orpheum Lofts 114 W Adams St Unit 103 Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated payment $10,602/month

Total Views 9,824
-- Bed
-- Bath
9,445 Sq Ft
$191 Price per Sq Ft

Highlights

  • Ceiling height between 12 to 15 feet
  • 3-minute walk to Washington/Central Ave
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Chilled Water System
  • 3-minute walk to McDowell Mountain Regional Park

About This Home

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. 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.

Listing Agent

Jeremy Solem

Versatile Properties License #SA585119000 Listed on: 02/18/2026

Co-Listing Agent

Eric Lambert

Versatile Properties License #SA680077000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,511

Year Built

  • Built in 1990

Lot Details

  • 3,268 Sq Ft Lot
  • Property is zoned C-DT / COMMERCI

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 9,445 Sq Ft Home
  • Ceiling height between 12 to 15 feet
  • Chilled Water System

Utilities

  • Cooling Available
  • Chiller Cooling System
  • Heating Available

Community Details

  • Orpheum Lofts Commercial Unit Amd Subdivision
  • Operating Expense $26,511

Listing and Financial Details

  • Tax Lot C103
  • Assessor Parcel Number 112-21-585

Property Details

Property Type

Other

Est. Annual Taxes

$8,511

Year Built

Built in 1990

Lot Details

3,268 Sq Ft Lot

Listing Details

  • Cross Street: Central Ave & Adams St
  • Property Type: Comm/Industry Sale
  • Zoning: C-DT / COMMERCI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1990
  • Tax Year: 2025
  • Lot Size Acres: 0.08
  • Co List Office Mls Id: vers001
  • Co List Office Phone: 623-234-0262
  • Subdivision Name: ORPHEUM LOFTS COMMERCIAL UNIT AMD
  • Structure Type: Commercial, Office
  • Cooling:Cooling: Chiller System
  • Electric:Electric: APS, Other (See Remarks)
  • Ceiling Height: 10.1 Feet to 12 Feet, 12.1 Feet to 14 Feet
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Living Area: 9445.0
  • Interior Features:Interior Features: Finished, Other (See Remarks)

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Brick
  • Roof: Other
  • Exterior: Building Sign

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: APS
  • Cooling: Chiller System
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Submetered System, Individual Meter, Other, See Remarks
  • Gas:Gas: Other (See Remarks), SW Gas

Lot Info

  • Lot Size Sq Ft: 3268.0
  • Parcel #: 112-21-585

Multi Family

  • Annual Operating Expense: 26511.0
  • Leasable Area: 3262.0

Tax Info

  • Tax Annual Amount: 8511.0
  • Tax Lot: C103

Map

About Orpheum Lofts

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2026 02/18/26 For Sale $1,800,000 +50747.5% $191 / Sq Ft
05/15/2014 05/15/14 Sold $3,540 0.0% $0 / Sq Ft View Prior Sale
05/09/2014 05/09/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $3,540 -- $0 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6986244

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85003 Downtown Phoenix

114 W Adams St Unit 103, Phoenix, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Jeremy Solem
Listing Agent
Jeremy Solem
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