1100 Washington 1102 E Washington St 11,784 SF 100% Leased Office Building Phoenix, AZ 85034 $3,380,000 ($286.83/SF) 7.52% Cap Rate











INVESTMENT HIGHLIGHTS
- This property is in an Opportunity Zone!
- Located just off the Light Rail and near the baseball and basketball stadiums!
EXECUTIVE SUMMARY
Prime commercial property in the heart of downtown Phoenix! Situated on a corner lot at the intersection of 11th street and Washington in a designated Opportunity Zone and directly on the Light Rail, this recently renovated building offers a premier investment or owner-user opportunity. Currently generating $250K per year in cash flow from existing leases, the property provides flexibility—new ownership can either maintain the leases for passive income or occupy some or all of the space.
Surrounded by high-end multi-story residential developments and steps from a Light Rail stop, the property is positioned in a thriving, rapidly growing area. With highly flexible C3 zoning, it accommodates a wide range of uses, including modern office space, client-facing business operations, and even light manufacturing. Walking distance to the ballpark and a host of downtown amenities.
Don’t miss this opportunity to own a standout asset in one of Phoenix’s most dynamic and fast-evolving neighborhoods!
Surrounded by high-end multi-story residential developments and steps from a Light Rail stop, the property is positioned in a thriving, rapidly growing area. With highly flexible C3 zoning, it accommodates a wide range of uses, including modern office space, client-facing business operations, and even light manufacturing. Walking distance to the ballpark and a host of downtown amenities.
Don’t miss this opportunity to own a standout asset in one of Phoenix’s most dynamic and fast-evolving neighborhoods!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,784 SF
Building Class
B
Year Built
1980
Price
$3,380,000
Price Per SF
$286.83
Cap Rate
7.52%
NOI
$254,190
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,892 SF
Slab To Slab
9’
Building FAR
0.50
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
C-3, Phoenix - Commercial
Parking
32 Spaces (2.72 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
- Balcony
1 of 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
Parcel Number | 116-43-068A | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $99,090 |