$4,800,000
Phoenix, AZ 85004
MLS# 6370163
1 / 5
Property 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. *DO NOT DISTURB*
Details
Maps
Contract Info
Current Price: $4,800,000
List Price: $4,800,000
Status: Active
List Date: 2022-03-17
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 130-134
Compass: E
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2341
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 14 BLOCK 20 PHOENIX MCR 000251
Subdivision: PHOENIX
Assessor's Map #: 28
Assessor's Parcel #: 70
Add'l Parcels: Yes
Assessor Number: 112-28-070
Census Tract: 114100
Legal: LOT 14 BLOCK 20 PHOENIX MCR 000251
Tax Municipality: Phoenix
Taxes: 39173
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 16454
# of Buildings: 2
Year Built: 1967
Zoning: DTC-BCORE
Remarks & Misc
Cross Street: Washington St and 2nd St
Directions: 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.
Geo Lat: 33.448575
Geo Lon: -112.071746
Status Change Info
Status Change Date: 2024-03-26
Legal Info
Township: 1N
Range: 3E
Section: 8
Lot Number: 14
Income & Expenses
Owner Association: No
Operating Exp: 39173
Net Operating Income: 204000
Pmt & Rate Info
Cap Rate: 4
Equity: 5100000
Property Features
Building Type: Commercial; Other (See Remarks)
Current Use: Restaurant; Bar; Other; See Remarks
Stories: 2 Stories
Construction: Block; Other (See Remarks)
Roofing: Rolled
Floors: Sealed; Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Fencing: None
Amenities: Other (See Remarks)
Parking: None
Electric: APS
Gas: Other (See Remarks)
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Railroad: Rail Served
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Reports/Disclosures: Vicinity of an Airport
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: March - 26 - 2024
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