One of the classic structures defining Phoenix’s mid-20th century retail development has just been sold for $5.5 million after being on the market for only a short while.
The Gold Spot Marketing Center was opened in the fall of 1925 and is valued by preservationists for its mix of Mission Revival and Spanish Colonial architectural styles.
Located at 1001 N. 3rd Avenue in the Roosevelt Historic District, the one-story building measures 12,250 square feet and houses several popular businesses including a restaurant, coffee shop and hair salon.
The building, now known simply as The Gold Spot, was listed by the Eisenberg Company of Phoenix, which had advertised it as being in an area that “has undergone a complete revitalization.”
The Roosevelt District in recent years has enjoyed a boom in popularity, with small shops, galleries, restaurants and coffee ships replacing what the Arizona Republic has described as formerly “boarded-up buildings and weed-filled vacant lots.”
By Garry Boulard
