3738 16Th StPhoenix, AZ 85016

Property Details for 3738 16Th St

Year built

1986

Construction

STEEL FRAME

Lot size

0.45 AC

Property size (Sq ft)

66,906 SF

Zone code

C-2

Property type

Office buildings

APN

118-01-088

APU

11801088

Description

This exceptional 66,906-square-foot executive office building, situated on a four-acre lot in Phoenix, Arizona's Midtown/Central Phoenix submarket, presents a unique leasing opportunity. The property, located at 3738 N 16th Street, zip code 85016, is currently entirely vacant, offering a blank canvas for a single tenant to customize. The building's classification includes both office and special purpose designations, suggesting versatility in potential uses. Its "Executive Office" subtype indicates a high-quality build-out, suitable for demanding corporate needs or specialized operations. The single-tenant occupancy ensures complete control and privacy. The property's substantial size, combined with its prime location in the vibrant Midtown/Central Phoenix area, offers unparalleled access to amenities, transportation, and a thriving business community. With its ample space and flexible zoning, this property is ideal for a company seeking a prominent and prestigious headquarters or a large-scale operation requiring significant square footage. The address is easily accessible, and the property's size provides ample parking and potential for expansion or future development. This is a rare opportunity to secure a significant presence in a highly desirable Phoenix location. Interested parties should inquire promptly.

• CAP approach

  CAP return

  Valuation

  6%

  $18,421,402

  6.5%

  $17,004,372

  7%

  $15,789,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,313,560

  Geo Method

  $10,313,560

• Alternative Use

  Use

  Valuation

  Residential

  $21,085,422

  Hospitality

  $19,314,132

  Educational

  $16,069,131

  Medical

  $16,621,774

  Retail

  $24,996,426

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4917

Longitude

-112.048

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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