Property Tour and Contact Detail Information: Property tours are available by appointment. Please contact the listing broker to schedule a tour of the property. Investment Highlights: * Two-story warehouse space situated on +/- .48-acre land parcel; former brewery/night club * Proximate to Chase Field, Talking Stick Resort & Casino, and Galvanize Technology Campus * Comprehensive CapEx per code; upside potential through re-positioning or leasing-up Investment Overview: The opportunity is a 26,520 sq. ft., retail property located at 101 East Buchanan Street in Phoenix, Arizona. This Historic building offers creative open spaces and features a large outdoor patio area. Constructed in 1927, the improvement consists of one, two-story building situated on a 0.48 acre parcel of land. The renovation in 2001 reportedly cost approximately $6M and included all structural reinforcements of the trusses/roof in order to bring the building up to code. The subject would be an ideal location for creative office space. The Property is part of the historic registry and boasts period details with high curb appeal. The Property is located in the Downtown Phoenix Warehouse District, surrounded by several retail establishments, office buildings, and an abundance of amenities. The property is within walking distance to Chase Field, Phoenix Convention Center, and the Phoenix Sun Talking Stick Resort Arena. In addition, the property is also in close proximity to several restaurants, lounges, parks, and municipal buildings. The Property is surrounded by dense infill development, with suburban and multifamily residential, as well as complimentary commercial uses. Additional proximate amenities supporting the location of the property include Arizona State University Downtown Phoenix, Metro Institute Inc., Orpheum Theater Phoenix, G'rilla Dogs, Hard Rock Cafe, The Duce, George Washington Carver Museum and Cultural Center, Alice Cooper’stown, Bentley Gallery, and Lo-Lo’s Chicken and Waffles. The Property is currently 100% vacant. The investment offers the potential upside of leasing up the vacant space with a broad range of business establishments with attractive market rates and benefits from historic tax credits. This historic building would also be an excellent owner/operator opportunity. Per the Maricopa County Treasurer’s Office, as of the 2016 tax statement, the taxes are outstanding in the amount of $104,495.51. Please Click Here For More Info on the Warehouse District Free Asset Summary Report AvailableWe've partnered with Situs, one of the most trusted names in commercial real estate research, to provide unbiased third-party insight for this asset. You can find the full, complimentary Asset Summary Report under the secure due diligence tab above. This property will be auctioned on Monday, February 27 - Wednesday, March 1 . The price displayed is the starting bid amount of $750,000. For information and to register to bid on this property, please visit Ten-X.com.
