2326 Washington St Phoenix, AZ 85034
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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