2701 16Th StPhoenix, AZ 85006
- Office properties
- 2.20 AC
Property Details for 2701 16Th St
- Lot size
- 2.20 AC
- Zone code
- C-1
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 117-04-120
- APU
- 11704120
Description
This exceptional Phoenix property, located at 2701 N 16TH Street Unit 108, presents a unique investment opportunity or an ideal space for owner-occupancy. Situated on a 0.11-acre lot, this single-level building offers a versatile office/medical/dental configuration, perfectly suited for a variety of uses. The flexible layout allows for easy subdivision, making it an attractive option for multiple businesses seeking individual spaces. The interior boasts numerous entrances, providing convenient access for clients and staff. Large rooms are equipped with commercial dividers, creating distinct office areas and maximizing functionality. Ample storage space is integrated throughout the design, catering to the needs of various professional settings. The property's adaptable design and substantial features make it an outstanding choice for entrepreneurs seeking a functional workspace or investors looking for a high-return asset. The asking price is $1,100,000. This is a rare opportunity to acquire a well-designed, adaptable commercial space in a desirable Phoenix location. The building's versatility, combined with its convenient layout and ample storage, makes it a truly exceptional offering. Its prime location and flexible design ensure a strong potential for both immediate occupancy and long-term investment growth. Don't miss this chance to secure a property with significant upside.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $21,164,956
- 6.5%
- $19,536,882
- 7%
- $18,141,390
-
Comparable approach
- Method
- Valuation
- Relative Method
- $14,765,720
- Geo Method
- $14,765,720
-
Alternative Use
- Use
- Valuation
- Residential
- $24,225,734
- Hospitality
- $22,190,642
- Educational
- $18,462,354
- Medical
- $19,097,302
- Retail
- $28,719,216
Location Insight
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.4782
- Longitude
- -112.047
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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