134 E WASHINGTON Street, Phoenix, AZ 85004 (MLS# 6985854)

134 E WASHINGTON Street, Phoenix, AZ 85004

$1,500,000

Property Type: Comm/Industry Sale Square Footage: 2,604 Lot Size (sq. ft.): 3,440 Status: Active

Current Price: $1,500,000 List Date: 2/17/2026 Last Modified: 2/23/2026

Overview

Description

This is a rare chance to acquire a highly sought-after property in one of the nation's fastest-growing urban districts. Currently home to two established nightclubs providing interim income, the location at Central and Washington is ideally suited for redevelopment or a new restaurant, bar, or nightclub concept. Situated directly across from Block 23 and just steps from world-class dining, entertainment, major sporting venues, and the convention center, this property benefits from high foot traffic, light rail access and a vibrant atmosphere. With several major development projects underway in the immediate area, the future growth prospects are immense.

Listing Details MLS# 6985854

Location, Tax & Legal

House Number: 134
Compass: E
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2341
Country: US
County Code: Maricopa
Subdivision: PHOENIX
Assessor Number: 112-28-070
Tax Year: 2021
Assessor's Map #: 28
Legal Description (Abbrev): LOT 14 BLOCK 20 PHOENIX MCR 000251
Assessor's Parcel #: 70
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114100
Taxes: 39173
Legal: LOT 14 BLOCK 20 PHOENIX MCR 000251

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 2604
# of Buildings: Yes
Year Built: 1999
Zoning: DTC-BCORE
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Washington St and 2nd St
Directions: From I-10, head South on N 7th St and turn right on Washington St. Go past 2nd St and property will be on the right.

Legal Info

Township: 1N
Range: 3E
Section: 8
Lot Number: 14

Income Expenses

Net Operating Income: 204000

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

Currently Not Used

Sold Price Per SqFt: 576.04

Construction

Block: Yes
Other: Yes

Roofing

Rolled: Yes

Floors

Sealed: Yes
Other: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 39173
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Other (See Remarks): Yes

Business Type

Restaurant: Yes
Bar/Tavern/Lounge: Yes
Other: Yes
See Remarks: Yes

Pmt & Rate Info

Cap Rate: 13.6
Equity: 1500000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Other: Yes
See Remarks: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes

Loading Facilities

None: Yes

Source of Fincl Data

Other (See Remarks): Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

2.1 - 5 Miles: Yes

Building Features

Other (See Remarks): Yes

Sewer

Sewer - Public: Yes

Railroad

Rail Served: Yes

Parking Features

None: Yes

Electric

APS: Yes

Gas

Other (See Remarks): Yes

New Financing

Other (See Remarks): Yes

Reports/Disclosures

Vicinity of an Airport: Yes

Environmental

Other (See Remarks): Yes

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: Restaurant; Bar/Tavern/Lounge; Other; See Remarks Construction: Block; Other Roofing: Rolled Floors: Sealed; Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Central Air Loading Facilities: None Interior Features: Finished Fencing: None Building Features: Other (See Remarks) Parking Features: None Electric: APS Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public Railroad: Rail Served New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: R.O.I. Properties

Last Updated: February - 23 - 2026