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.
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: 13850sq ft
Lot Size: 0.16 acres
Map of 122-126 East Washington St, Phoenix, AZ, 85004
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.
