$1,337,500
7325 N 16TH Street
Phoenix, AZ 85020
MLS# 6298206
Status: Closed



7325 N 16TH Street, Phoenix, AZ 85020
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7325 N 16TH Street, Phoenix, AZ 85020 7325 N 16TH Street, Phoenix, AZ 85020 7325 N 16TH Street, Phoenix, AZ 85020 7325 N 16TH Street, Phoenix, AZ 85020 7325 N 16TH Street, Phoenix, AZ 85020 7325 N 16TH Street, Phoenix, AZ 85020

Property 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.

Details
Maps
Documents
Contract Info
Current Price: $1,337,500
Sold Price: $1,337,500
Status: Closed
List Date: 2021-09-24
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
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: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 4 WILLIETTA PLACE MCR 003521
Subdivision: WILLIETTA PLACE
Assessor's Map #: 24
Assessor's Parcel #: 5
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 164-24-005-A
Census Tract: 105102
Legal: LOT 4 WILLIETTA PLACE MCR 003521
Tax Municipality: Phoenix
Taxes: 17876
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
Income & Expenses
Owner Association: No
Operating Exp: 17876
Pmt & Rate Info
Equity: 1425000
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
Current Use: Office
Stories: 1 Story
Construction: Block
Roofing: Rolled; Other (See Remarks)
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Exterior: Other (See Remarks)
Fencing: Other
Amenities: Other (See Remarks)
Parking: Parking Structure; Private Parking; Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: City Franchise; Other
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Reports/Disclosures: None
Environmental: Other (See Remarks)

Listing Office: R.O.I. Properties

Last Updated: March - 23 - 2022

7325 N 16TH Street, Phoenix, AZ 85020 - MLS# 6298206
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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