122-126 E Washington St, Phoenix, AZ
Redevelopment opportunity in a rapidly growing urban district.
- Added:
- Oct 16, 2024
- Days on Market:
- 606
- Last Refresh:
- May 20 at 8:21 pm
Property Features for 122-126 E Washington St
General Information
- Standard status
- Active
- Size
- 13,850 SF
- Lot size
- 0.16 Acres
- Property subtype
- RETAIL
Listing agent Jason Butler License #BR545613000 (602) 390-0361
Listing office R.O.I. Properties (602) 319-1326
Listing date Oct 16, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of R.O.I. Properties
HighLights
- 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.
- Interim income from two established nightclubs.
- Steps from world‑class dining, entertainment, major sporting venues, and the convention center.
- Immense future growth prospects due to major development projects underway.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $299.2k | $21.60 |
| − Vacancy | −$23.9k | −$1.73 |
| EGI | $275.2k | $19.87 |
| − OpEx | −$68.8k | −$4.97 |
| NOI | $206.4k | $14.90 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Stockyards Steakhouse — 5009 E Washington St UNIT 115, Phoenix, AZ 85034
- Sand Shark Bar and Grill — 5444 E Washington St, Phoenix, AZ 85034
- Caddy Shack — 1415 N Mill Ave, Tempe, AZ 85288
- Le Girls Gentlemen's Club — 5151 E Washington St, Phoenix, AZ 85034
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.072
- Latitude
- 33.4486
