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    2326 Washington St Phoenix, AZ 85034

    Sponsored
    For Lease
    $18 SF/Yr ($6,840 /Mo)

    4,560 SF Flex Space, Newly Renovated

    Lot size:
    4,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,560-square-foot industrial property, located at 2326 E Washington Street in Phoenix, Arizona (85034), presents a unique leasing opportunity. Situated on a 0.46-acre lot (20,000 square feet), this single-tenant building boasts a Class C rating and underwent extensive renovations in 2023. The building features a 14-foot clear ceiling height, three 10' x 10' roll-up doors, and evaporative coolers. Ample parking is provided with 12 spaces. The property includes a fenced yard and monument signage, enhancing visibility and accessibility. Power is supplied by a robust 600-amp service. The zoning is A-1, Phoenix, and the property is conveniently located in the North Airport submarket, near the intersection of E Washington Street and N 24th Street. Built in 1945, this free-standing building is ideal for a variety of uses, including manufacturing, processing, extraction, infusion, and other cannabis-related businesses (subject to obtaining the necessary state license and special use permit, which are already in place). The asking lease rate is $1.50 per square foot per month, triple net. The APN is 115-01-021L. This property offers a blend of functionality and modern upgrades in a prime Phoenix location. Don't miss this chance to secure this versatile industrial space.

    Property Features for 2326 Washington St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,560 SF
    Class
    C
    Total Rate
    6840

    Building Details

    Year Built/Renovated
    1945/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,560 SF
    Rate per SF
    $18

    HighLights

    • Opportunity Zone designation.
    • Washington Street frontage.
    • Less than one mile to Sky Harbor Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Father & Son Granite ... Countertop Store Desert Filter Connection Air Filter Supplier JVC Auto Warehouse

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.03155915453
    Latitude
    33.448300737583

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    FAQs

    What type of property is this?
    Distribution property - 4,560 SF Flex Space, Newly Renovated
    Where is this distribution property located?
    The property is located at 2326 Washington St Phoenix, AZ.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Opportunity Zone designation.; Washington Street frontage.; Less than one mile to Sky Harbor Airport.
    Request Owner's contact information
    2326 Washington St 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
    2326 Washington St Phoenix, AZ 85034
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