3602 N 16TH Street, Phoenix, AZ 85016
$1,900,000
Property Type:
Comm/Industry Sale
Square Footage:
12,619
Lot Size (sq. ft.):
30,056
Status:
Closed
Current Price:
$1,900,000
List Date:
1/22/2025
Last Modified:
5/07/2025
Description
Rare C-2 Multi-Tenant property along 16th Street Corridor. Block building constructed in 1956, new foam roof 2024, suites have separately meted water & electric. Twenty-four-hour access to accommodate all tenant uses Pole sign currently being used by Crime Scene. Back of property accessible to delivery trucks for receiving shipping at tenant's back doors. Back area partially fenced off for added security. Nine (9) foot interior ceiling clearance, private bathrooms in each suite. Fully air conditioned. 200 amps available to each suite, plus Cox cable available. 1031 Ok.
More Information MLS# 6808636
Contract Info
Current Price: $1,900,000
Sold Price: $1,900,000
Status: Closed
List Date: 2025-01-21
Ownership: Fee Simple
Location Tax Legal
House Number: 3602
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 6422
Country: US
County Code: Maricopa
Assessor Number: 118-09-119
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 12619
# of Buildings: 1
Year Built: 1956
Uncvrd Parking Spcs: 28
Zoning: C-2
Flood Zone: No
Remarks Misc
Cross Street: 16th St. & Osborn
Directions: North on 16th Street to property.
Geo Lat: 33.489905
Geo Lon: -112.048002
Status Change Info
Status Change Date: 2025-05-07
Off Market Date: 2025-02-05
Under Contract Date: 2025-02-04
Close of Escrow Date: 2025-05-06
Sold Price: $1,900,000
Legal Info
Township: 2N
Range: 3E
Section: 28
Lot Number: 119
Income Expenses
Gross Annual Sch Inc: 160800
Net Operating Income: 104900
Showing Notification Methods
Showing Service: Aligned Showings
Sold Info
Loan Type: Carryback
Loan Years: 5
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Business Type: Service Business; Retail
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; Office Heated
Cooling: Office A/C; Warehouse A/C; Heat Pump
Loading Facilities: Drive-in Door(s)
Interior: Finished; Private Restrooms
Exterior: Pole Sign; Building Sign
Fencing: Chain Link
Amenities: Display Window(s)
Parking Features: Free
Electric: APS; 220 Volts
Gas: None
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public; Septic in & Cnctd
New Financing: Cash Only; 1031 Exchange
Lockbox Type: None
Source of Fincl Data: Accountant
Existing 1st Loan: Treat as Free&Clear
Use Restrictions: Currently Leased
Environmental: None
Listing Office: Cabrillas Realty Services
Last Updated: May - 07 - 2025
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