$685,000
Phoenix, AZ 85020
MLS# 7035251
1 / 17
Property Description
Exceptional opportunity to own a completely remodeled office condominium designed for productivity, professionalism, and growth. This turnkey property offers a modern, functional layout ideal for a wide range of businesses, including professional services, medical, consulting, insurance, real estate, or corporate offices. The recent renovations provide a fresh, contemporary environment that will impress clients and create a comfortable workspace for employees. The thoughtfully designed layout balances private workspaces with collaborative areas, making it suitable for a variety of business operations. Please click the more link to see more information.
Details
Maps
Contract Info
Ownership: Condominium
Current Price: $685,000
List Price: $685,000
Status: Active
List Date: 2026-05-29
Location, Tax & Legal
Unit #: G
Assessor's Map #: 25
Legal Description (Abbrev): LOT 7 COPPER TERRACE MCR 024540
Assessor's Parcel #: 193
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106300
Taxes: 5715
Legal: LOT 7 COPPER TERRACE MCR 024540
Marketing Name: Copper Terrace
House Number: 7220
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 5253
Country: US
County Code: Maricopa
Subdivision: COPPER TERRACE
Assessor Number: 160-25-193-A
Tax Year: 2025
General Property Description
Type of Property: Office Condos
Ttl Apx SqFt Bldg: 2238
# of Buildings: 1
Uncvrd Parking Spcs: 10
Stories: 2
# of Interior Levels: 2
Year Built: 1982
Zoning: C-O
Currently Not Used
Sold Price Per SqFt: 306.08
Legal Info
Range: 3E
Section: 4
Township: 2N
Lot Number: 7
Construction
Stucco: 1
Wood Frame: 1
Roofing
Rolled: 1
Floors
Tile: 1
Carpet: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 6482.99
Operating Exp: 12197.99
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 59742.18
Building Type
Commercial: 1
Office: 1
Business Type
Other: 1
See Remarks: 1
Pmt & Rate Info
Cap Rate: 2.33
Equity: 685000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Forced Air: 1
Electric: 1
Cooling
Central Air: 1
Ceiling Fan(s): 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Road Access Type
City Street: 1
Road Surface Type
Paved: 1
Exterior
Landscaping: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Other: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Structure: 1
Parking Lot: 1
Electric
SRP: 1
Gas
None: 1
New Financing
Cash Only: 1
Cash to Loan: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
CC&R's: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Remarks Misc
Cross Street: 16th Street and Orangewood
Directions: Continue south on 16th Street to 7220 N 16th Street on West side of street and pull into parking lot.
Geo Lat: 33.542643
Geo Lon: -112.048329
Income Expenses
Gross Annual Sch Inc: 59742.18
Net Operating Income: 15989.94
Property Features
Building Type: Commercial; Office
Business Type: Other; See Remarks
Construction: Stucco; Wood Frame
Roofing: Rolled
Floors: Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Forced Air
Cooling: Central Air; Ceiling Fan(s)
Loading Facilities: None
Interior Features: Finished
Exterior: Landscaping; Curb(s) & Gutter(s); Building Sign
Fencing: Block; Other
Appliances Included: Microwave; Refrigerator
Parking Features: Parking Structure; Parking Lot
Road Access Type: City Street
Electric: SRP
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Paved
Use Restrictions: CC&R's
Environmental: None
Supplements
Whether you're expanding your business, relocating to a premium office setting, or seeking an investment property with strong leasing potential, this beautifully remodeled office complex is ready to meet your needs.
Property Features:
7 private offices.
Welcoming reception area with waiting space.
Spacious conference room for meetings and presentations.
Fully equipped break room/kitchenette.
Updated finishes throughout.
Modern lighting, flooring, and fixtures.
Efficient and professional floor plan.
Move-in ready condition.
Ample space for owner-users or investors.
Easy access to the 51, 10 minutes from the airport and downtown, great restaurants nearby, walking distance to Sprouts and UPS and other great restaurants.
There are two first level parking garage parking spaces, two story parking structure with covered parking on the top deck. Plenty of parking lot parking available
The building is located adjacent to the canal with immediate access to the walking / jogging path.
Listing Office: Platinum Realty Network
Last Updated: May - 31 - 2026
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