Highlights

• Rare Opportunity to Own Real Estate in Downtown Phoenix
• Across the Street from US Airways Center and Chase Field
• Key Component of the Future Jackson Street Entertainment District

• Excellent Location with a Strong Following & Immediate Access to Light Rail
• Redevelopment potential upwards to 140' with 1st floor retail then office / residential
• * Please call agent to discuss the future upside & land bank opportunity the site offers Investors & Users alike

Description

We are pleased to present this rare opportunity to purchase a single tenant restaurant, bar and lounge in the heart of Downtown Phoenix. Jackson's on Third has been a staple in the Downtown Core for more than a decade. The subject property is approximately 18,392 square feet and is located on the southwest corner of Jackson Street and 3rd Street. Located directly across from the property is US Airways Center, home to the Phoenix Suns, and located one block east is Chase Field, home to the Arizona Diamondbacks and 2011 MLB All-Star game. Jackson' s on Third consists of a
restaurant/bar, stage area for live music, an additional bar/nightclub that has been recently renovated, and an outdoor patio bar and dining area.

Jackson's on Third is priced as a vacant owner/user opportunity even though it is currently open and operating for business. The seller will deliver the property vacant at the close of escrow in order to provide another user the opportunity to take over the property, or for an investor to acquire the site and re-lease the space.

Jackson' s on Third is an integral part of a planned, mixed use project in Downtown Phoenix known as the Jackson Street Entertainment District. The goal is to transform this 12 acre area from a Downtown Core (DC) zoning to a Planned Unit Development (PUD) that will create an urban, mixed use development that encourages and sustains live, work and entertainment that currently is missing in this area. Because of the desire for continued growth and urbanization in Downtown Phoenix, and with the implementation of light
rail, the vision for the Jackson Street Entertainment District is to reinvigorate the area with a mixture of residential options, boutique hotels, street level retail, office space, restaurants, bars, lounges and various entertainment venues.

This is a rare opportunity to control part of the limited supply of Downtown Phoenix real estate, and a key piece that is an integral part of the planned Jackson Street Entertainment District development.