2701 16Th StPhoenix, AZ 85006

  • Office properties
  • 2.20 AC
For Sale

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
2701 16Th St, Phoenix, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
-
-
$83
-
$500
-
$500

FAQs

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