This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/10
$1,800,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/10
Property 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. 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.
Full Property Details
Full Property Details for 114 W Adams St #C103
General
- Price: $1,800,000
- Taxes: $8,511 (2025)
- Status: Active
- Type: Commercial
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6986244
- Updated: 2/18/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Professional/Office, Medical, Mixe
Interior
- Flooring: Concrete
Parking
- Parking Features: Other
Location
- County: Maricopa
- Township: 1N
- Subdivision: ORPHEUM LOFTS COMMERCIAL UNIT AMD
- Cross Streets: Central Ave & Adams St
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Chiller System
- Heating Type: Electric
Utilities
- Water: Other, See Remarks, Submetered System, Individual Meter
Structural Information
- # Buildings: 1
- Structure Type: Commercial, Office
- Exterior Const.: Brick
- Roof: Other
- Year Built: 1990
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,268
- Zoning: C-DT / COMMERCI
Financial Considerations
- Tax Amount: $8,511
- Tax Year: 2025
Disclosures and Reports
- Legal Description: LOT C103 ORPHEUM LOFTS COMMERCIAL UNIT AMD MCR
- Property ID: 112-21-585
- Range: 3E
- Section: 8
- Lot Number: C103
Listed by Versatile Properties
Get Pre-Approved Today
Schools
Schools serving 114 W Adams St #C103
School Districts:Phoenix Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Paul Dunbar Lawrence School 707 West Grant Street, Phoenix, AZ 85007 | K-8 | 0.8 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 114 W Adams St #C103
Date
Details
Price
Change
Source
2/18/2026
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 114 W Adams St #C103
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
$69
-3%
2023
100%
$71
-5%
2023
100%
$75
—
2022
100%
$75
—
2021
100%
$75
—
2020
—
$75
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 114 W Adams St #C103
114 W Adams Street #C103, Phoenix, AZ 85003 (MLS# 6986244) is a Commercial property. 114 W Adams Street #C103 is currently listed for $1,800,000 and was received on February 18, 2026. Want to learn more about 114 W Adams Street #C103? Do you have questions about finding other Commercial real estate for sale in Central City? You can browse all Central City real estate or contact a Coldwell Banker agent to request more information.

