417 N 16th Street -, Phoenix, AZ 85006
$4,500,000
Property Type: Land Lot Size (sq. ft.): 231,739 Status: Closed
Current Price: $4,500,000 List Date: 10/13/2020 Last Modified: 1/01/2022
Description
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.
More Information MLS# 6145867
Contract Information
Type: Exclusive Right To Sell For Sale or Lease?: Sale Current Price: $4,500,000 Sold Price: $4,500,000 Status: Closed List Date: 2020-10-13
Location, Tax & Legal
Lot #: - Assessor's Map #: 17 Assessor's Parcel #: 157 Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Taxes: 16515 Map Code/Grid: R34 House Number: 417 Compass: N Street Name: 16th St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 County Code: Maricopa Assessor Number: 116-17-157 Tax Year: 2020
General Property Description
Apx Total Acres: 5.32 Apx Total Acres G/N: G Price Per Acre: 874060.15 Apx SqFt: 231739.2 Price Per SqFt: 20.07 Apx SqFt G/N: G Lot Size Dimensions: - Zoning: WU
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 4650000 Total Owed: 0
Assoc/Prop Info
HOA Y/N: N PAD Fee Y/N: N Assessed Balance: 0 HOA 2 Y/N: N
Showing Notification Methods
Text: 1 Email: 1 Phone Call: 1
Lockbox Type
None: 1
Existing Land Use
Commercial Acreage: 1
Zoned Presently
Commercial: 1
Parcel Size
5.00 - 9.99 Acres: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
City Electric: 1
Gas
City Gas: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1 Conventional: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Conventional: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Conventional: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Conventional: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Balloon Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %
Remarks Misc
Cross Street: Just N of the NEC of 16th Street & Van Buren Stree Geo Lat: 33.453508 Geo Lon: -112.046909
Status Change Info
Off Market Date: 2021-08-10 Under Contract Date: 2021-07-22 Close of Escrow Date: 2021-12-31 Sold Price: $4,500,000
Legal Info
Lot Number: -
Property Features
Special Listing Cond: N/A Existing Land Use: Commercial Acreage Zoned Presently: Commercial Parcel Size: 5.00 - 9.99 Acres Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: City Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Conventional Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Conventional Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional Environmental: None Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None
Listing Office: Insight Land & Investments
Last Updated: January - 01 - 2022
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