5350 16Th StPhoenix, AZ 85016

Property Details for 5350 16Th St

Year built

1974

Construction

CONCRETE

Lot size

0.63 AC

Property size (Sq ft)

6,308 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

162-11-022C

APU

16211022C

Description

This exceptional executive office suite, located at 5350 N 16th Street in Phoenix, Arizona, presents a unique leasing opportunity. The property, zoned C-2, offers a total of 6,308 square feet of retail and office space within a multi-tenant building. Currently, 1,913 square feet of contiguous, vacant space is immediately available for lease, representing a significant portion of the building's total area. This space is ideal for businesses seeking a modern and efficient workspace in a thriving Phoenix location. The minimum leasable space is 1,913 square feet, providing ample room for expansion or accommodating a variety of business needs. The building boasts a convenient parking ratio of 5.87 spaces per 1,000 square feet, ensuring ample parking for tenants and their clients. Situated in Maricopa County, with a zip code of 85016, this property benefits from excellent accessibility and proximity to key amenities. The address is 5350 N 16th St, Phoenix, AZ. This is a fantastic opportunity to establish a presence in a dynamic and desirable area of Phoenix. The available space is perfect for a variety of businesses seeking a well-located and functional office environment. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,736,798

  6.5%

  $1,603,198

  7%

  $1,488,684

• Comparable approach

  Method

  Valuation

  Relative Method

  $972,378

  Geo Method

  $972,378

• Alternative Use

  Use

  Valuation

  Residential

  $1,987,966

  Hospitality

  $1,820,966

  Educational

  $1,515,022

  Medical

  $1,567,126

  Retail

  $2,356,701

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5158

Longitude

-112.048

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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