The Agora | A Bold Office Investment in the Heart of 7th Avenue Melrose District

Sold

Office

Description

The Agora | 4205 N 7th Avenue | Phoenix, AZ 85013

Office Sold - Arizona

Michael Douglas with the ICRE Investment Team is proud to announce the successful closing of a 24,746-square-foot office building located in the vibrant and highly sought-after 7th Avenue Melrose District in Phoenix

Transaction Highlights:

$3,500,000 ($141 PSF)
24,746 SF Office Building
Built in 1987| Renovation 2025
Close Date 04/15/2025
Transaction Type: Investment
Located in the Coveted 7th Ave Melrose District
Buyer Representation by Michael Douglas, CCIM |ICRE Investment Team

Property Highlights

• Strategically located on the high-traffic corridor of 7th Avenue, in the vibrant Melrose District

• Recently renovated with a refreshed exterior, expansive window lines, and bright, open office suites

• Eye-catching architectural design with colorful balconies and modern finishes

• High-profile monument signage with excellent street presence

• Ample surface and covered parking, offering convenient access for tenants and visitors

• 75% leased with flexible lease terms – an ideal investment or owner/user opportunity

Why the Melrose District?

Located in Midtown Phoenix, the Melrose District is a one-mile stretch known for its eclectic charm, creative energy, and strong community appeal. This dynamic neighborhood is a destination in itself—home to vintage shops, vibrant murals, art galleries, and an array of popular eateries and coffee houses.

The Agora sits directly across from Copper Star Coffee and within walking distance to beloved local hangouts, attracting both foot traffic and a creative professional tenant base.

Part of the central Phoenix core, the building offers 11-minute access to Downtown Phoenix, with easy connectivity to the Piestewa Freeway, making it a convenient hub for business across the Valley.

The Bottom Line

The acquisition underscores the ongoing momentum in the Melrose District, where rising demand, adaptive reuse projects, and walkable amenities are driving strong investor interest and revitalization efforts. This property adds to the area’s growth story and sets the stage for exciting new uses.The Agora is not only a key landmark on 7th Avenue, but also a rare opportunity to own a sizable, highly visible asset in one of Phoenix’s most talked-about neighborhoods. With its prominent footprint, prime location, and recent renovations, The Agora represents the future of office space in Midtown Phoenix—creative, connected, and full of character