7325 N 16TH Street, Phoenix, AZ 85020
$1,337,500
Property Type:
Comm/Industry Sale
Square Footage:
7,104
Lot Size (sq. ft.):
23,486
Status:
Closed
Current Price:
$1,337,500
List Date:
2/01/2022
Last Modified:
6/07/2025
Description
This is an exceptional opportunity for a professional office user seeking additional rental income. This multi-tenant office building is located in the popular Central Phoenix Market, near the Biltmore Corridor. The property boasts prime frontage and excellent visibility along 16th Street and has easy access to SR-51. Configured into seven suites, this 7,100 SF building provides a lot of flexibility. Currently fully occupied, 1,501 SF can be available quickly, with more space available within six months. Each suite has a versatile floor plan with vaulted ceilings, private bathrooms and break rooms, and can easily be combined to allow a larger office space.
More Information MLS# 6298206
Contract Info
Current Price: $1,337,500
Sold Price: $1,337,500
Status: Closed
List Date: 2021-09-24
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: N35
House Number: 7325
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 5249
Country: US
County Code: Maricopa
Subdivision: WILLIETTA PLACE
Assessor Number: 164-24-005-A
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 7104
# of Buildings: 1
Year Built: 1984
Uncvrd Parking Spcs: 3
Zoning: C-O
Remarks Misc
Cross Street: N 16th St and E Orangewood Ave
Directions: From the 51-Fwy take Glendale Ave., East toward 16th Street. At 16th St., head North toward Orangewood Ave., property is on the East side of the road one block before Orangewood Ave.
Geo Lat: 33.544609
Geo Lon: -112.046921
Status Change Info
Status Change Date: 2022-03-23
Off Market Date: 2022-03-23
Under Contract Date: 2022-01-28
Close of Escrow Date: 2022-03-21
Sold Price: $1,337,500
Legal Info
Township: 2N
Range: 3E
Section: 3
Lot Number: 4
Sold Info
Loan Type: Conventional
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 10000
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office
Stories: 1 Story
Construction: Block
Roofing: Rolled; Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other
Cooling: Central Air
Loading Facilities: None
Interior: Finished
Exterior: Other (See Remarks)
Fencing: Other
Amenities: Other (See Remarks)
Parking Features: Parking Structure; Private; Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: City Franchise; Other
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Environmental: Other (See Remarks)
Documents
Brochure ›Listing Office: R.O.I. Properties
Last Updated: June - 07 - 2025
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