2701 16Th StPhoenix, AZ 85006

Property Details for 2701 16Th St

Lot size

2.20 AC

Zone code

C-1

Property type

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.

• 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 Income

  $24,225,734

  Hospitality / Lodging

  $22,190,642

  Institutional / Educational

  $18,462,354

  Healthcare / Senior Housing

  $19,097,302

  Retail / Commercial

  $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

FAQs

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