417 N 16th Street, -, Phoenix, AZ 85006
$4,500,000
Property Type:
Land and Lots
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
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2020-10-13
For Sale or Lease?: Sale
Type: ER
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
Country: USA
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
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
Status Change Date: 2022-01-01
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: -
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Acreage
Zoned Presently: Commercial
Parcel Size: 5.00 - 9.99 Acres
Water: 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 Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Conventional
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Conventional
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: 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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