MLS# 6986244 – 114 W Adams Street #c103, Phoenix, AZ 85003

Price: $1,800,000
Building Size SqFt: 3,262
Lot Size Acres: 0.08
Lot Size SqFt: 3,268
Status: Active
Year Built: 1990
Days on Website: 199

Courtesy of Versatile Properties

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.

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Property Details and Features

  • Building
  • Built in 1990
  • Living area: 9445.0
  • 1 building
  • Construction Materials: Brick
  • Cooling
  • Chiller System
  • Disclosures
  • None
  • Expenses
  • Operating: $26,511
  • Fence
  • None
  • Floors
  • Concrete
  • Heating
  • Electric
  • Listing
  • Listing ID: 6986244
  • Standard Status: Active
  • MLS Status: Active
  • On market as of 2026-02-18
  • 199 days on market
  • Location
  • Subdivision: ORPHEUM LOFTS COMMERCIAL UNIT AMD
  • County/Parish: Maricopa
  • Lot
  • 0.08 acres
  • Property
  • Leasable area: 3262.0
  • Sewer
  • Sewer-In & Connected
  • Public Sewer
  • Taxes
  • Parcel Number: 112-21-585
  • Public Survey Range: 3E
  • Public Survey Section: 8
  • Annual Amount: $8,511
  • Tax Book Number: 112.00
  • Legal Description: LOT C103 ORPHEUM LOFTS COMMERCIAL UNIT AMD MCR
  • Lot: C103
  • Map Number: 21.00
  • Year: 2025
  • Zoning: C-DT / COMMERCI
  • Utilities
  • Water Source: Submetered System, Individual Meter
  • Other (See Remarks)
  • APS

Property Map

$1,800,000 – 114 W Adams Street #c103, Phoenix, AZ 85003

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This content last updated on September 5, 2026 9:31AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.