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    122-126 E Washington St Phoenix, AZ 85003

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    For Sale
    $3,300,000

    Redevelopment opportunity in a rapidly growing urban district.

    Property size:
    13,850 SF
    Lot size:
    0.16 Acres

    Property Features for 122-126 E Washington St

    General Information

    Size
    13,850 SF
    Lot size
    0.16 Acres

    Source: R.O.I. Properties Agent Beth Jo Zeitzer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Location Redevelopment Opportunity

    This property, situated at Central and Washington, presents a redevelopment opportunity in a rapidly growing urban district. Currently, the location houses two established nightclubs, providing interim income. The site is suitable for redevelopment or a new restaurant, bar, or nightclub concept. Located directly across from Block 23 and steps from dining, entertainment, major sporting venues, and the convention center, the property benefits from high foot traffic and light rail access. Several major development projects are underway in the immediate area. The property size is 13850 square feet.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Game 7 Grill, Last Exit Live, Elks4777, Little Rituals, Bitter & Twisted Cocktail Parlour

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0719185
    Latitude
    33.4485881

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    FAQs

    What type of property is this?
    Bar - Redevelopment opportunity in a rapidly growing urban district.
    Where is this bar located?
    The property is located at 122-126 E Washington St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - Prime location at Central and Washington, directly across from Block 23.; - High foot traffic and light rail access.; - Suited for redevelopment or a new restaurant, bar, or nightclub concept.
    (602) 319-1326
    Request Owner's contact information
    122-126 E Washington St Phoenix, AZ 85003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122-126 E Washington St Phoenix, AZ 85003
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