522 W ROOSEVELT Street, Phoenix, AZ 85003

$930,000
Property Type: Comm/Industry Sale Square Footage: 2,678 Lot Size (sq. ft.): 10,150 Status: Active
Current Price: $930,000 List Date: 3/31/2025 Last Modified: 7/05/2025

Description

The Roosevelt Neighborhood in Phoenix, Arizona, is a historically significant area that developed between 1893 and 1930. It was one of Phoenix's earliest suburbs and became a prestigious residential district for the city's elite. Many prominent figures, including governors, mayors, and other influential citizens, lived in the neighborhood during the early 20th century. These men and women played key roles in guiding the city's political, social, and economic development, helping transform Phoenix. t. The homes, while not as extravagant as those in the Eastern U.S., were designed in popular architectural styles of the time, reflecting the community's aspiration to create a refined society as Phoenix transitioned from a frontier town to a major urban center.

Supplements: In 1983, the neighborhood's historical importance was formally recognized when it was added to the National Register of Historic Places. Additionally, Arizona established Historic Preservation Overlay Zoning in 1986 to protect the neighborhood's architectural legacy. Today, homeowners are restoring these historic properties, preserving their original charm and contributing to the area's cultural heritage. Louis Lee Steward was a prominent early Arizona figure who contributed to various aspects of the state's development. He was a teacher, cattleman, cotton farmer, and played a key role in founding the Citizen's State Bank in Phoenix. Steward also served as the campaign manager for Henry Fountain Ashurst during his successful 1912 bid for the U.S. Senate, showing his involvement in Arizona's political landscape. The Historic L.L. Steward home, built in 1914 by the Southwestern Building & Investment Co., where Steward served as president, was initially constructed as his private residence. Over the years, the house has undergone numerous transformations, serving as a private home, rooming house, and office space, with each use altering its original design. Despite these changes, the home remains a significant part of Phoenix's architectural history, reflecting both the personal history of its original owner and the evolving nature of the city. Located in the Roosevelt Historic District in downtown Phoenix, offers a blend of historical charm and modern functionality. This two-story building spans 2,678 square feet, with six offices and two conference rooms for collaborative work. Amenities include two restrooms, a small kitchenette, a break room, and convenient parking with eight spaces at the rear of the building.Its prime location within the Roosevelt Historic District makes it highly accessible and walkable. Employees and clients can easily reach a variety of services, retail outlets, and restaurants nearby, providing a vibrant work setting. The downtown area surrounding the L.L. Steward House has experienced significant revitalization, with new developments, entertainment options, and a bustling restaurant scene. It also boasts easy access to public transportation, including the light rail, and is near major sports venues for NBA and MLB games. The L.L. Steward House is an ideal workspace for businesses seeking a balance between a historic atmosphere and modern amenities. It offers the opportunity to work in a space that fosters collaboration, all while enjoying the growing conveniences and lifestyle options of downtown Phoenix, a hub for cutting-edge innovation in the "Valley of the Sun. Walk Score 73, Bike Score 96

More Information MLS# 6765221

Contract Info

Current Price: $930,000 List Price: $930,000 Status: Active List Date: 2024-10-02 Ownership: Fee Simple

Location Tax Legal

House Number: 522 Compass: W Street Name: ROOSEVELT St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85003 Zip4: 1328 County Code: Maricopa Subdivision: KENILWORTH BLKS 7-14 Assessor Number: 111-32-006 Tax Year: 2023

General Property Description

Type of Property: Commercial Ttl Apx SqFt Bldg: 2678 # of Buildings: 1 Lot Size Dimensions: 70x145 Year Built: 1914 Uncvrd Parking Spcs: 8 Zoning: CDT Flood Zone: No

Remarks Misc

Cross Street: 5th Avenue and Roosevelt Directions: Roosevelt St west to property Geo Lat: 33.458959 Geo Lon: -112.081147

Legal Info

Township: 1N Range: 3E Section: 5 Lot Number: 6

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 602-252-4191

Property Features

Building Type: Commercial; Office Business Type: Professional/Office Stories: 2 Stories Construction: Stucco Roofing: Built-Up Floors: Wood Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior: Finished; Security System; Alarm System; Private Restrooms Exterior: Landscaping Fencing: Block; Chain Link Amenities: Basement; Conference Room; Reception Room Parking Features: Fenced; Free; Private Electric: APS Gas: SW Gas Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer - Available Railroad: Railroad 1 - 5 Miles New Financing: Cash Only; Owner May Carry; Lease Showing Notification Methods: Text Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear; Other (See Remarks) Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear; Other (See Remarks) Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: Not Available Environmental: None
Listing Office: The Melcher Agency
Last Updated: July - 05 - 2025
522 W ROOSEVELT Street, Phoenix, AZ 85003- MLS# 6765221
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