FLEX BUILDING FOR SALE ALONG LIGHT RAIL · Building Size: 8,220 SF Lot Size: 0.64 Acres Price / SF...
Transcript of FLEX BUILDING FOR SALE ALONG LIGHT RAIL · Building Size: 8,220 SF Lot Size: 0.64 Acres Price / SF...
FLEX BUILDINGFOR SALE ALONGLIGHT RAIL1401 E. WASHINGTON ST.PHOENIX, AZ 85034
Justin HorwitzSenior [email protected]
Paul Borgesen [email protected]
OFFERING SUMMAROFFERING SUMMARYY
Sale Price: $599,000
Building Size: 8,220 SF
Lot Size: 0.64 Acres
Price / SF Bldg - $73
Land - $21.49
Year Built: 1962
APN: 116-48-009, 010A,
011A, 012A
Zoning: C-3
2016 Property Tax $11,406.16
Submarket: Downtown Phoenix
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• Walking Dist. to Light Rail Station
• Close Proximity to Downtown Phoenix
• Immediate Access to I-10 Fwy.
• Flexible C-3 Zoning
• Tremendous Adaptive Reuse Opportunity
• Surrounded by New Urban Development
• Convenience to Sky Harbor International Airport
• In the Immediate Path of Light Rail Growth Corridor
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Executive Summary
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The subject property consists of a freestanding ±8,220 SF building on a ±0.64 AC lot among four
parcels. This masonry constructed building offers great adaptive reuse potential with immense
land for parking and an 8' roll up door. With C-3 Zoning, the options are wide ranging.
PROPERPROPERTTY OY OVERVERVIEWVIEW
The subject property is extremely well located just outside of Downtown Phoenix at the SEC of
14th St. and Washington St. The site offers extremely convenient access to the I-10, Loop 202, and
51 Freeways is walking distance to a Light Rail station,Talking Stick Resort Arena, Chase Field, and
Downtown campuses including ASU, U of A, and NAU. The area amenities consists of endless
amounts of restaurants and recreational venues. With good Light Rail and Freeway access, Sky
Harbor International Airport is only minutes away.
In recent years, Downtown Phoenix has undergone dramatic transformation. With renewed
urban vibrancy and a locally owned charm, Downtown Phoenix is becoming the epicenter
for students and young professionals alike, creating tremendous demand for urban living.
LLOCOCAATION OTION OVERVERVIEWVIEW
Property Description
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Additional Photos
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Site Plan
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Regional Map
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Aerial Map
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Retailer Map
PHOENIX, AZPHOENIX, AZ
Downtown Phoenix is a center for employment, education, professional sports, living, arts and culture. The dramatic changes over the past five years provided asurge in momentum and even more development. In addition to large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Railand the Phoenix Biomedical Campus serving as major activity centers, there is a real grassroots effort by residents and employees to create a true downtowncommunity. Home to numerous major employers, Downtown Phoenix boasts the highest concentration of employment in the state.
TTOP PHOENIX EMPLOP PHOENIX EMPLOOYERSYERS
COMPANY # of EMPLOYEES
Banner Health 8,184
Honeywell 6,247
American Express 5,880
St. Joseph's Hospital 4,109
Bank Of America 3,753
DDT PHX HIGHLIGHTST PHX HIGHLIGHTS
• 3,512 Businesses | 63,494 Employees
• ±6,000 Multi Family Units Existing, Under Construction, or in Planning
• Over 800,000 SF of Retail Space | 165+ Restaurants
• 9.8 million SF of Office Space | 880K SF of Convention Center Space
• 20,000+ Students at ASU, U of A, and NAU Downtown Campuses
• ±$721mm in Consumer Spending
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City Information - Phoenix
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Metro Light Rail