417 N 16th Street $5,250,000

    Close

    417 N 16th Street Phoenix, AZ 85006

    Active

    $5,250,000

    Request Info
    • 0.00 Acres
    • Land
    • MLS# 5832013
    Favorite Share
    Views: 541 Days On Market: 497

    Go Tour This Home

    Schedule A Showing

    Property Details

    The Van Buren corridor from 7th St to Interstate-10 is currently a top priority at the City of Phoenix as a revitalization project (street widening and beautification, moratorium on car dealerships/automotive repair shops) to enhance the overall area.One of the largest vacant land parcels available in the downtown Phoenix market, with all utilities to the property and all off-sites completed. Site has great access to Interstate-10 via interchanges at 16th St and Washington St / Jefferson St. The property is located with-in an ''Opportunity Zone'' which offers investors who reinvest capital gains monies in these areas to receive reductions on capital gains taxes relative to the years of their investment.

    • General Features
      • Assessor Book # 116.00
      • Assessor Map # 17.00
      • Assessor Number 116-17-157
      • Assessor Parcel # 157.00
      • County Maricopa
      • Cross Street Just N of the NEC of 16th Street & Van Buren Stree
      • Existing Land Use Commercial Acreage
      • For Sale/Lease Sale
      • List Date 2018-10-11
      • New Financing Cash, Conventional
      • Presently Zoned Commercial
      • Special Listing Conditions N/A
      • Tax Municipality Maricopa - COUNTY
      • Tax Year 2018
      • Taxes $16,207
      • Type ER
      • Zoning C-3
    • Property Features
      • Approx Lot SqFt -
      • Apx. Total Acres 7.8
      • Legal Info: Lot Number -
      • Electric City Electric
      • Gas City Gas
      • Sewer Sewer - Public
      • Water City Franchise

    Contact

    Neighborhood

    85006 (Phoenix) Demographics

    31 Median Age
    7,122 Population Density (per sq. mile)
    23% College Educated
    $29,903 Estimated Median Income
    3,447 Estimated Total Home Owners
    5,597 Estimated Total Renters
    38% / 62% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    27,804 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $278,500 Median Sales Price
    15 Homes Sold
    28 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,250,000
        10/11/2018 2:40:00 PM New in Database Source

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.
        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2/21/2020 3:14:20 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.