Constructed between 1993-1994, this property features a single-story structure designed as a retail arcade, with a partial first floor at the rear designated for office space.

The ground floor area of the building encompasses a central pedestrian arcade, extending from Bridge Street to the Montgomery Square frontage, facilitating easy access for the development of interior retail and office spaces.

Phoenix Arcade is situated on the southern side of Bridge Street, directly across from the intersection with Haven Road in central Nelson. This segment of Bridge Street is recognized as a secondary retail hub, hosting a variety of activities including retail, office, accommodation, hospitality establishments, and notable facilities such as the Nelson Bus Depot and Nelson Mail across the street.