Listed by R.O.I. Properties, ROI Properties
$3,300,000
130- 132 East Washington St
Details
APN 112-28-068, 069
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 13,850
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/31/2024
Price per SqFt $238
Broker Co-Op Yes
Year Built 1967
Lot Size (SqFt) 6,880
Zoning DTC-BCORE
Rare DT Phoenix CBD Opportunity - Value-add or Redevelopment
Marketing description
This is a rare chance to acquire a highly sought-after property in one of the nation’s fastest-growing urban districts. Currently home to two established nightclubs providing interim income, the location at Central and Washington is ideally suited for redevelopment or a new restaurant, bar, or nightclub concept. Situated directly across from Block 23 and just steps from world-class dining, entertainment, major sporting venues, and the convention center, this property benefits from high foot traffic, light rail access and a vibrant atmosphere. With several major development projects underway in the immediate area, the future growth prospects are immense.
Investment highlights
- In an opportunity zone
- In the heart of DTPHX
- 3,583 apartment units under construction within 1 mile
- On the light rail
Listing Contacts
Listed by R.O.I. Properties, ROI Properties
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Zoning
DTC-BCORE MixedMixed UseDowntown Code Business Core
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