flex building for sale along light rail · building size: 8,220 sf lot size: 0.64 acres price / sf...

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FLEX BUILDING FOR SALE ALONG LIGHT RAIL 1401 E. WASHINGTON ST. PHOENIX, AZ 85034 Justin Horwitz Senior Advisor 480.425.5518 [email protected] Paul Borgesen III Advisor 480.425.5516 [email protected]

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Page 1: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

FLEX BUILDINGFOR SALE ALONGLIGHT RAIL1401 E. WASHINGTON ST.PHOENIX, AZ 85034

Justin HorwitzSenior [email protected]

Paul Borgesen [email protected]

Page 2: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

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

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 2

Executive Summary

Page 3: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 3

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

Page 4: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 4

Additional Photos

Page 5: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 5

Site Plan

Page 6: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 6

Regional Map

Page 7: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 7

Aerial Map

Page 8: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 8

Retailer Map

Page 9: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

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

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 9

City Information - Phoenix

Page 10: FLEX BUILDING FOR SALE ALONG LIGHT RAIL · 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:

1401 E. WASHINGTON ST. PHOENIX, AZ 85034 SVN | Desert Commercial Advisors | Page 10

Metro Light Rail