130-134 E Washington St

Investment Highlights

Executive Summary

Rare opportunity to own prime real estate with two well established nightclubs in one of the fastest growing areas in the country, with numerous development projects in the works. Located at Central and Washington, across the street from Block 23, within walking distance to world class restaurants/bars, entertainment, major sporting venues, convention center, and much more. Ripe for redevelopment, with interim income until 2024

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Bar
• Building Size    16,454
• Building Class    C
• Year Built    1999
• Price    4,800,000
• Price Per SF    292
• Cap Rate    4.25
• NOI    204,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.87
• Land Acres    0.44 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.