NOT LISTED FOR SALE

101 E Buchanan St Phoenix, AZ 85004

Downtown Phoenix Neighborhood

Estimated Value: $5,329,882

Studio
-- Bath
26,521 Sq Ft
$201/Sq Ft Est. Value

Last Sold October 03, 2017

Last sale price $2,325,000 $88 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $33,062/month

231 Days on Market

Highlights

  • 0.48 Acre Lot
  • Community Kitchen
  • Central Air
  • Phoenix Coding Academy Rated A
  • Skylights
  • Concrete Flooring

About This Home

As of October 2017

Creative space opportunity. One of the few historic buildings left downtown. 101 Buchanan is located in the premier high growth Warehouse District in Phoenix and it is the perfect fit for companies desiring creative office space. Users will enjoy the proximity to major transportation hubs, walking distance to all downtown attractions, including sporting venues and the Phoenix convention center. The building provides opportunity for shared creative space with outside patio that could include a cafe, coffee shop.

(Building has Brewery equipment as a potential restaurant brewery use)

Last Agent to Sell the Property

Tony Werstler

Jason Mitchell Real Estate License #SA114160000 Listed on: 10/25/2016

Jason Mitchell Real Estate

Last Buyer's Agent

Tony Werstler

Jason Mitchell Real Estate License #SA114160000 Listed on: 10/25/2016

Jason Mitchell Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $22,893

Year Built

  • Built in 1921

Lot Details

  • 0.48 Acre Lot
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned COMMER

Home Design

  • Block Exterior

Interior Spaces

  • 26,521 Sq Ft Home
  • Skylights
  • Concrete Flooring
  • Basement

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 112-26-127

Community Details

Amenities

  • Community Kitchen
  • Service Elevator

Additional Features

  • Tommyknocker Brewery And Pub Subdivision
  • Operating Expense $22,893

Property Details

Property Type

Other

Est. Annual Taxes

$22,893

Year Built

Built in 1921

Lot Details

0.48 Acres

Listing Details

  • Cross Street: 1ST STREET & BUCHANAN
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: COMMER
  • Current Use: Mixed Use, Retail, Service Business, Religious Facility, Packge Store(Liquor), Restaurant, Recreational, Office, Warehouse, Food Service, Bar
  • Number Of Buildings: 1
  • Year Built: 1921
  • Tax Year: 2015
  • Lot Size Acres: 0.48
  • Subdivision Name: TOMMYKNOCKER BREWERY AND PUB
  • Structure Type: Commercial, Other (See Remarks)
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block, Chain Link
  • Construction Type: Block
  • Roof: See Remarks, Other
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 50.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 50.0
  • Parking:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Freight Elevator(s), Basement, Kitchen, Skylight(s)
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Other (See Remarks)32: Yes
  • Amenities:Skylight(s)2: Yes
  • Amenities:Basement: Yes
  • Amenities:Freight Elevator(s): Yes

Lot Info

  • Lot Size Sq Ft: 21009.0
  • Additional Parcels: No
  • Parcel #: 112-26-127
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 22893.0

Tax Info

  • Tax Annual Amount: 22893.0
  • Tax Book Number: 112.00
  • Tax Lot: 1
  • Tax Map Number: 26.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2021
Sold by
101 E Buchanan Street Llc
Bought by
Wts Legacy Fund
Current Estimated Value
$5,329,882

Purchase Details

Closed on
Mar 1, 2021
Sold by
101 Buchanan Llc
Bought by
101 E Buchanan Street Llc

Purchase Details

Closed on
Nov 18, 2019
Sold by
Bghf Enterprises Llc
Bought by
101 Buchanan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 25, 2016
Closed on
Sep 28, 2017
Sold by
Marchiol Family Limited Liability Limite
Bought by
Bghf Enterprises Llc
Seller's Agent
Tony Werstler
Jason Mitchell Real Estate
Buyer's Agent
Tony Werstler
Jason Mitchell Real Estate
List Price
$2,550,000
Sold Price
$2,325,000
Premium/Discount to List
-$225,000
-8.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$1,599,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Red Eyed Jack Sports Bar Inc
Bought by
Marchiol Family Lp

Purchase Details

Closed on
Aug 25, 1998
Sold by
New Frontier Brewing Company Llc
Bought by
Tommyknocker Brewery Arizona Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
6.91%
Mortgage Type
Assumption

Purchase Details

Closed on
Apr 25, 1997
Sold by
Buchanan I Llc
Bought by
New Frontier Brewing Company Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wts Legacy Fund -- None Available
101 E Buchanan Street Llc $4,300,000 Landmark Ttl Assurance Agcy
101 Buchanan Llc -- Accommodation
Bghf Enterprises Llc $2,325,000 Security Title Agency Inc
Marchiol Family Lp -- None Available
Tommyknocker Brewery Arizona Llc $498,863 Fidelity Title
New Frontier Brewing Company Llc $415,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 101 Buchanan Llc $2,450,000
Previous Owner Bghf Enterprises Llc $1,599,000
Previous Owner Tommyknocker Brewery Arizona Llc $1,425,000
Closed Tommyknocker Brewery Arizona Llc $855,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2017 10/03/17 Sold $2,325,000 -8.8% $88 / Sq Ft
10/24/2016 10/24/16 For Sale $2,550,000 -- $96 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $168,027 -- --
2024 -- $176,029 -- --
2023 $0 $368,458 $62,254 $306,204
2022 $0 $329,666 $46,988 $282,678
2021 $25,560 $331,272 $48,330 $282,942
2020 $25,855 $321,102 $40,716 $280,386
2019 $25,813 $307,260 $38,052 $269,208
2018 $25,372 $279,378 $18,630 $260,748
2017 $24,782 $239,382 $19,404 $219,978
2016 $24,072 $214,110 $17,640 $196,470
2015 $22,893 $166,501 $17,594 $148,907
Source: Public Records

Agents Affiliated with this Home

  • Tony Werstler

    Seller's Agent in 2017

    Tony Werstler

    Jason Mitchell Real Estate

    (602) 283-0274

    15 Total Sales

    Tony Werstler
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5516094

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-26-127

Arizona Maricopa County Phoenix 85004 Downtown Phoenix

101 E Buchanan St, Phoenix, AZ

Not Listed for Sale

Other

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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