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2310 N 16th St
Phoenix, AZ 85006
Retail Property For Sale
Investment Highlights
- 12,027 SF retail & bar building on 0.62 acres
- Main retail space delivered vacant
- Near Downtown Phoenix and ASU Downtown
- Two attached spaces: 10,527 SF retail + 1,500 SF bar
- Midtown Phoenix, near Coronado Historic District
Executive Summary
2310 N 16th St offers an owner-user the chance to buy 12,027 SF of Central Phoenix retail in the Midtown corridor, steps from the historic
Coronado District. The property sits on a 0.619 acre (26,954 SF) site with 30 surface parking spaces and room to add more. The offering
consists of two spaces. The larger 10,527 SF retail unit will be delivered vacant at close, ready for an owner-user to move in immediately.
The smaller 1,500 SF unit operates as a bar and lounge and has been occupied continuously by the same operator since 1976, currently
paying $36,000 per year on a month-to-month basis. Offered at $2,500,000 ($208/SF), the property combines a rare infill Central
Phoenix footprint with the versatility to serve both owner-occupants and value-add investors.
Coronado District. The property sits on a 0.619 acre (26,954 SF) site with 30 surface parking spaces and room to add more. The offering
consists of two spaces. The larger 10,527 SF retail unit will be delivered vacant at close, ready for an owner-user to move in immediately.
The smaller 1,500 SF unit operates as a bar and lounge and has been occupied continuously by the same operator since 1976, currently
paying $36,000 per year on a month-to-month basis. Offered at $2,500,000 ($208/SF), the property combines a rare infill Central
Phoenix footprint with the versatility to serve both owner-occupants and value-add investors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,027 SF
Building Class
C
Year Built/Renovated
1970/2015
Price
$3,526,750 CAD
Price Per SF
$293.24 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.62 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial Retail Office
Parking
27 Spaces (2.24 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 117-19-132B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $152,512 CAD |
Property Taxes
Parcel Number
117-19-132B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$152,512 CAD
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