Rare Opportunity in the Heart of Downtown Phoenix

130 E Washington St Phoenix, AZ 85004

Phoenix
FOR SALE
Property Type:
Free Standing Building
Amount:
$975,000
Last Verified:
Oct 07, 2024

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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.

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: 1999
Building Size: 2604sq ft
Lot Size: 0.08 acres

Map of 130 E Washington St, 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.