130-134 E WASHINGTON Street, Phoenix, AZ 85004
Two existing nightclubs offer interim use, with redevelopment potential for a new restaurant, bar, or nightlife concept.
- Added:
- Feb 23, 2026
- Days on Market:
- 133
- Last Refresh:
- Jul 1 at 5:23 am
Property Features for 130-134 E WASHINGTON Street
General Information
- Standard status
- Active
- Size
- 13,850 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1900
Listing office R.O.I. Properties (602) 319-1326
Listing date Feb 23, 2026
Source Exitrealty
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
- Built in 1900 property with two established nightclubs providing interim use.
- Two existing nightclubs offer interim income while supporting redevelopment for a new restaurant, bar, or nightclub concept.
- Located at Central and Washington, directly across from Block 23.
- Just steps from dining, entertainment, major sporting venues, and the convention center.
- Light rail access and high foot traffic cited in public remarks.
Overview
The location is described as being at Central and Washington, directly across from Block 23. The property is also noted as being steps from dining and entertainment, with proximity to major sporting venues and the convention center. Public remarks further indicate high foot traffic, along with light rail access and a vibrant surrounding atmosphere.
For buyers and operators, the combination of existing nightclub operations and a nearby, entertainment-heavy environment can support a range of plans, from continuing operations to transitioning the space toward a refreshed hospitality concept. The immediate area is also described as having multiple major development projects underway, which may be relevant to buyers evaluating how the surrounding mix could evolve over time.
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
- Game 7 Grill — 201 s 4th st, phoenix, az 85034
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- Elks4777 — 1007 S 7th Ave, Phoenix, AZ 85007
- Little Rituals — 132 S Central Ave 4th Floor, Phoenix, AZ 85004
- Bitter & Twisted Cocktail Parlour — 1 W Jefferson St, Phoenix, AZ 85003
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0717546
- Latitude
- 33.4485883
