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134 E Washington St 2,604 SF Retail Building Phoenix, AZ 85004 $2,046,750 CAD ($786.00 CAD/SF)
Investment Highlights
- Prime Downtown Phoenix location steps from Block 23, major sports venues, dining, and entertainment.
- Surrounded by 17 major apartment communities contributing to strong pedestrian activity.
- Located within a federally designated Opportunity Zone offering potential tax advantages for investors.
- High-visibility corridor with direct Valley Metro light rail access.
Executive Summary
This rare Downtown Phoenix offering presents a compelling opportunity to acquire two adjacent properties positioned directly across from Block 23, surrounded by some of the city's strongest demand drivers. Situated moments from the Phoenix Convention Center, major professional sports venues, world-class dining, and entertainment options, the location benefits from exceptional year-round foot traffic. The properties sit along the Valley Metro light rail, further strengthening visibility, connectivity, and long-term appeal.
Downtown Phoenix continues to experience transformational growth driven by public and private investment, thousands of new multifamily units, and expanding educational, medical, and governmental institutions. Arizona State University’s Downtown Campus and the Phoenix Biomedical Campus contribute to a robust daytime population, supporting continuous activity beyond traditional business hours. This urban core has matured into a dynamic live-work-play district where adaptive reuse projects and high-density development have reshaped the skyline and increased barriers to entry.
The properties benefit from their placement in a federally designated Opportunity Zone, offering advantageous capital gains treatment for investors who seek both immediate strategic positioning and long-term appreciation potential. With ongoing streetscape enhancements, expanded light rail access, and major mixed-use projects such as CityScape and the Arizona Center, the surrounding environment continues to attract national retailers, office users, hospitality groups, and multifamily developers.
This sale represents a timely chance to secure a presence in one of the fastest-growing urban markets in the Southwest, supported by strong demographics, rising property values, and sustained population increases within one, three, and five-mile radii. Whether repositioned, redeveloped, or held as a long-term urban investment, these assets offer meaningful upside in a district poised for continued expansion.
Downtown Phoenix continues to experience transformational growth driven by public and private investment, thousands of new multifamily units, and expanding educational, medical, and governmental institutions. Arizona State University’s Downtown Campus and the Phoenix Biomedical Campus contribute to a robust daytime population, supporting continuous activity beyond traditional business hours. This urban core has matured into a dynamic live-work-play district where adaptive reuse projects and high-density development have reshaped the skyline and increased barriers to entry.
The properties benefit from their placement in a federally designated Opportunity Zone, offering advantageous capital gains treatment for investors who seek both immediate strategic positioning and long-term appreciation potential. With ongoing streetscape enhancements, expanded light rail access, and major mixed-use projects such as CityScape and the Arizona Center, the surrounding environment continues to attract national retailers, office users, hospitality groups, and multifamily developers.
This sale represents a timely chance to secure a presence in one of the fastest-growing urban markets in the Southwest, supported by strong demographics, rising property values, and sustained population increases within one, three, and five-mile radii. Whether repositioned, redeveloped, or held as a long-term urban investment, these assets offer meaningful upside in a district poised for continued expansion.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
2,604 SF
Building Class
C
Year Built
1999
Price
$2,046,750 CAD
Price Per SF
$786.00 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
DTC - DTC, Downtown Core
Amenities
- Air Conditioning
Walk Score®
Walker's Paradise (96)
Nearby Major Retailers
Property Taxes
| Parcel Number | 112-28-070 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $129,376 CAD |
Property Taxes
Parcel Number
112-28-070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$129,376 CAD
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134 E Washington St
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