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The Welnick 341-345 W Van Buren St 14,000 SF Retail Building Phoenix, AZ 85003 $5,000,000 ($357.14/SF)
Investment Highlights
- Premier Downtown Phoenix location.
- Across the street from the legendary Van Buren Concert Venue.
- Located near city, state and county government buildings.
Executive Summary
CBRE is pleased to exclusively offer for sale The Welnick Marketplace (“the
Property”), multi-tenant retail development located in Downtown Phoenix. The
Welnick Marketplace is ±13,968 rentable square feet located in the City of
Phoenix Entertainment District.
The brothers, Leo and Ed Welnick, built Welnick Bros Marketplace in 1927.
The adjacent Liefgreen Seed building make up the entire adaptive reuse
project ±13,968 SF. In August of 2016 the property was placed on the
National Register of Historic Places by the United Stated Department of
Interior.
Between 2015-2016 Developer Ownership spent over $2.0 million on all new
roof, HVAC, structural, life safety, electrical and plumbing.
Tenants are Gus’s World Famous Fried Chicken, and Quartz Cocktail Bar.
There is ±9,026 Square Feet of 2nd generation restaurant space available.
Property”), multi-tenant retail development located in Downtown Phoenix. The
Welnick Marketplace is ±13,968 rentable square feet located in the City of
Phoenix Entertainment District.
The brothers, Leo and Ed Welnick, built Welnick Bros Marketplace in 1927.
The adjacent Liefgreen Seed building make up the entire adaptive reuse
project ±13,968 SF. In August of 2016 the property was placed on the
National Register of Historic Places by the United Stated Department of
Interior.
Between 2015-2016 Developer Ownership spent over $2.0 million on all new
roof, HVAC, structural, life safety, electrical and plumbing.
Tenants are Gus’s World Famous Fried Chicken, and Quartz Cocktail Bar.
There is ±9,026 Square Feet of 2nd generation restaurant space available.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
14,000 SF
Building Class
B
Year Built/Renovated
1926/2017
Price
$5,000,000
Price Per SF
$357.14
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
DTC-VAN - DTC-VAN
Parking
25 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
79’ on Van Buren St
Amenities
- Wheelchair Accessible
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 112-20-086A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $317,339 |
Property Taxes
Parcel Number
112-20-086A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$317,339
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Welnick | 341-345 W Van Buren St
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