Rare Opportunity in the Heart of Downtown Phoenix

130-134 East Washington Phoenix, AZ 85004

FOR SALE
Property Type:
Street Retail
Amount:
$5,100,000
Last Verified:
Jun 07, 2022


Description

Rare opportunity to own prime real estate with two well established nightclubs in one of the fastest growing areas in the country, with numerous development projects in the works. Located at Central and Washington, across the street from Block 23, within walking distance to world class restaurants/bars, entertainment, major sporting venues, convention center, and much more. Ripe for redevelopment, with interim income until 2024

From I-10, head South on N 7th St and turn right on Washington St. Go past 2nd St and property will be on the right.


Year Built: 1967
Building Size: 16454sq ft
Lot Size: 0.24 acres

Map of 130-134 East Washington , Phoenix, AZ, 85004

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.