216 Washington Ave

Overview

Real Estate Advisors, LLC is pleased to offer for sale 216 Washington Avenue, a ±4,373 SF single tenant office building set on a ±0.22 acre lot one block from the historic Santa Fe Plaza. Fully leased and turnkey, the property gives an investor immediate in place income in one of the tightest, most supply constrained office markets in the country, or gives an owner user a rare path to occupy a building of this caliber and location once the current lease runs its course.Built in 1937 and located within the Downtown and Eastside Historic District, the building combines historic stucco construction with genuine character, including a finished lower level with its own windows and a vintage bank vault still in place. Ten on site parking spaces sit at the rear of the building, accessed from a private drive, a scarce amenity for a Washington Avenue address. Zoning is BCD, Business Capitol District, Marcy Subdistrict, which permits office, retail, and residential uses and gives a future owner real flexibility. Property is in foreclosure and receivership, sale is subject to approval by the court and lender.