|Price/Rent PSF||$ 300,000.00|
The subject property is located at 2902 E Washington St in the City of Phoenix, Maricopa County, Arizona. The subject property is in a good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is generally good in terms of retail, commercial use. The subject benefits from heavy commuter and local traffic along Washington Street. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail corridor. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, with generally allows up to 5 stories in new construction along the light rail corridor.
City of Phoenix Location
The City of Phoenix is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.
Hard corner, vacant lots, 0.55 +/- acres, many industrial and/or commercial uses, former warehouse since demolished; A-1 Light Industrial Zoning along with Walkable Urban allows up to 5 stories in new construction.