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    12th St & Washington St Phoenix, AZ 85034

    Sponsored
    For Lease
    Contact for pricing

    1,979 SF Retail Space Available

    Lot size:
    1,979 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at the highly visible intersection of 12th Street and Washington Street in Phoenix, Arizona, presents a unique investment opportunity. The entire 1,979 square foot building is currently vacant, offering a blank canvas for a discerning buyer to create their ideal commercial space. Situated in Maricopa County, this property boasts a prime location within the vibrant Phoenix market, ensuring high visibility and accessibility for potential customers. The multiple tenancy designation allows for flexibility in lease arrangements, catering to a variety of business models. The property's address is 12th St & Washington St, Phoenix, AZ 85034, offering easy access to major transportation routes and a dense population base. The building's size provides ample space for a wide range of retail uses, from a single large tenant to multiple smaller businesses. This is a rare opportunity to acquire a fully vacant, sizable retail space in a desirable Phoenix location. The property is being offered for sale, presenting a chance to capitalize on the growing Phoenix market and establish a strong presence in a high-traffic area. The property's size and location make it an ideal investment for both established businesses seeking expansion and entrepreneurs looking to launch a new venture. This is a turnkey opportunity to own a significant retail space in a thriving urban environment.

    Property Features for 12th St & Washington St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,979 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    1,979 SF

    HighLights

    • 1,979 SF vacant retail building in Phoenix, AZ, at the highly visible corner of 12th & Washington Streets.
    • Multiple tenancy designation allows for flexible lease arrangements.
    • Prime location offers high visibility and accessibility, near major transportation routes and a dense population.
    • Adjacent to the westbound light rail station and a half‑block walk from the eastbound station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.05641914175
    Latitude
    33.448166580747

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    FAQs

    What type of property is this?
    Retail property - 1,979 SF Retail Space Available
    Where is this retail property located?
    The property is located at 12th St & Washington St Phoenix, AZ.
    What are key features of this property?
    This property features: 1,979 SF vacant retail building in Phoenix, AZ, at the highly visible corner of 12th & Washington Streets.; Multiple tenancy designation allows for flexible lease arrangements.; Prime location offers high visibility and accessibility, near major transportation routes and a dense population.
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    12th St & Washington St Phoenix, AZ 85034
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    Phoenix, AZ 85034
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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
    12th St & Washington St Phoenix, AZ 85034
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