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130-132 E Washington St 13,850 SF Retail Building Phoenix, AZ 85004 $3,300,000 ($238.27/SF)
Investment Highlights
- Premier urban location across from Block 23 with constant pedestrian flow.
- Surrounded by major entertainment, sports venues, and the convention center creating strong year-round activity.
- Positioned within an Opportunity Zone offering potential tax advantages for investors.
- Located directly on the light rail with exceptional walkability supported by a Walk Score of 94.
Executive Summary
This rare Downtown Phoenix acquisition opportunity places investors at the center of one of the fastest growing urban environments in the Southwest. Situated directly across from Block 23 and steps from premier dining, entertainment, sports venues, and the Phoenix Convention Center, these properties benefit from exceptional pedestrian activity, extensive public investment, and seamless connectivity throughout the downtown core. The location sits on the Valley Metro light rail with a Walk Score of 94, reinforcing its appeal for destination-driven retail, adaptive reuse, or long-term hold strategies within a thriving live-work-play district.
Downtown Phoenix has undergone a transformational resurgence supported by both public and private investment. Major institutions including Arizona State University’s Downtown Campus, the Phoenix Biomedical Campus, and key government offices energize the daytime workforce, while thousands of newly delivered multifamily units continue to expand the residential base. Streetscape enhancements, cultural anchors, and major mixed-use developments have elevated the district’s identity, making this location one of the most sought-after urban investment areas in the region.
Each structure contributes its own character and potential. With vintage architectural roots dating to 1900 alongside a complementary 1999 building, the properties offer flexible repositioning pathways. Investors can explore retail, hospitality, creative office, or experiential concepts benefiting from sustained demand drivers and limited available land in the urban core. The Opportunity Zone designation provides additional tax-advantaged investment upside, strengthening long-term return potential within an already dynamic market.
Anchored by strong demographic density, excellent transit, and ongoing expansion across Downtown Phoenix, these Washington Street assets represent a compelling chance to secure a strategically positioned property in a district marked by growth, vibrancy, and long-range development momentum.
Downtown Phoenix has undergone a transformational resurgence supported by both public and private investment. Major institutions including Arizona State University’s Downtown Campus, the Phoenix Biomedical Campus, and key government offices energize the daytime workforce, while thousands of newly delivered multifamily units continue to expand the residential base. Streetscape enhancements, cultural anchors, and major mixed-use developments have elevated the district’s identity, making this location one of the most sought-after urban investment areas in the region.
Each structure contributes its own character and potential. With vintage architectural roots dating to 1900 alongside a complementary 1999 building, the properties offer flexible repositioning pathways. Investors can explore retail, hospitality, creative office, or experiential concepts benefiting from sustained demand drivers and limited available land in the urban core. The Opportunity Zone designation provides additional tax-advantaged investment upside, strengthening long-term return potential within an already dynamic market.
Anchored by strong demographic density, excellent transit, and ongoing expansion across Downtown Phoenix, these Washington Street assets represent a compelling chance to secure a strategically positioned property in a district marked by growth, vibrancy, and long-range development momentum.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,850 SF
Building Class
C
Year Built
1900
Price
$3,300,000
Price Per SF
$238.27
Tenancy
Single
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C-DT - C-DT, Commercial
Frontage
20’ on North 2nd Street
Amenities
- Air Conditioning
Walk Score®
Walker's Paradise (96)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $31,798 | Total Assessment | $263,228 |
Property Taxes
Parcel Numbers
Land Assessment
$31,798
Improvements Assessment
$0
Total Assessment
$263,228
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130-132 E Washington St
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