this place needs 30k worth the electrical work alone. not to mention getting the rest of the building up to code. wouldn't get my hopes up.
Best Basement Bar Awaiting a Comeback Phoenix 2011 - Monroe's Food & Fine Spirits (RIP)
Located down a steep flight of well-worn wooden steps, the late, great Monroe's was a classic basement bar in downtown Phoenix. During the day, this cramped cellar was a great place to nosh on pub grub and maybe knock back a few lunchtime beers in a place where the sun (and your boss) could not find you. (Unless your boss happened to be there, too.) By night, Monroe's transformed into a sultry, smoke-filled blues bar — yes, up until 2007, you could actually light up indoors in AZ. Unfortunately, it all came to a crashing halt four years ago, when Monroe's closed suddenly for "renovations" and never re-opened. Now, the building's owners have finally put the space back on the market, leading to a flurry of interest from wanna-be tenants, says the leasing agent, who expects the space to reopen by the end of the year.