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
Overview
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.
Listing Details MLS# 6145867
Location, Tax & Legal
- 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
- Lot #
- -
- Assessor's Map #
- 17
- Assessor's Parcel #
- 157
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Taxes
- 16515
Contract Information
- For Sale or Lease?
- Sale
- Type
- Exclusive Right To Sell
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
Remarks Misc
- Cross Street
- Just N of the NEC of 16th Street & Van Buren Stree
Status Change Info
- Off Market Date
- 2021-08-10
- Under Contract Date
- 2021-07-22
- Close of Escrow Date
- 2021-12-31
Legal Info
- Lot Number
- -
More Information
Sold Info
- Loan Type
- Cash
- Closing Cost Split
- Normal - N
- Payment Type
- Balloon
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Special Listing Cond
- N/A
- Yes
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
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Existing Land Use
- Commercial Acreage
- Yes
Zoned Presently
- Commercial
- Yes
Parcel Size
- 5.00 - 9.99 Acres
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Electric
- City Electric
- Yes
Gas
- City Gas
- Yes
Distance to Cable
- On Property
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Distance to Phone
- On Property
- Yes
Distance to Water
- On Property
- Yes
Existing 1st Loan
- Conventional
- Yes
Distance to Electric
- On Property
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Distance to Gas
- On Property
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Distance to Sewer
- On Property
- Yes
Existing 2nd Loan
- Conventional
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Conventional
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Other Loan
- Not Applicable
- Yes
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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