341-345 W Van Buren St - Storefront FOR SALE


Phoenix, AZ 85003- Central City
$5,000,000 USD
602-625-7850
341-345 W Van Buren St, Phoenix, AZ for Sale
$5,000,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

NEW


341-345 W Van Buren St
Phoenix, AZ 85003
Central City


HIGHLIGHTS

  • Premier Downtown Phoenix location.
  • Located near city, state and county government buildings.
  • Across the street from the legendary Van Buren Concert Venue.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The Welnick

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

DTC-VAN

APN/PARCEL ID

112-20-086A

ASK ABOUT THIS PROPERTY

Max BippusCBRE, Inc.More Info
602-625-7850

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Max BippusCBRE, Inc.More Info
602-625-7850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.