1541 E THOMAS Road, Phoenix, AZ 85014
$1,400,000
Property Type:
Comm/Industry Sale
Square Footage:
11,664
Lot Size (sq. ft.):
41,029
Status:
Closed
Current Price:
$1,400,000
List Date:
10/21/2022
Last Modified:
3/18/2026
Description
16Thomas At Midtown is a central Phoenix redevelopment that includes a fully remodeled existing retail/office/flex space with controlled access and additional land with retail PAD upside (C-2 PAD Drive Thru Retail With City Of Phoenix CUP Approval), located in Midtown Phoenix, approximately 0.6 miles west of Arizona State Route 51 (Piestewa Freeway) and approximately 1.2 miles north of Interstate 10, west of 16th Street, along Thomas Road, allowing easy access to Downtown Phoenix, the Central Office Corridor, Camelback Corridor and Phoenix Sky Harbor International Airport and numerous employers. The total land area includes approximately 41,029 SF or 0.94 Acres, and the total existing building square footage includes approximately 11,664 square feet.
More Information MLS# 6480206
Contract Info
Ownership: Fee Simple
Current Price: $1,400,000
Sold Price: $1,400,000
Status: Closed
List Date: 2022-10-21
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): LOT 6 HINTON PARK MCR 003211
Assessor's Parcel #: 6
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 111700
Taxes: 19500
Legal: LOT 6 HINTON PARK MCR 003211
Marketing Name: 16Thomas
Map Code/Grid: P34
House Number: 1541
Compass: E
Street Name: THOMAS
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5732
County Code: Maricopa
Subdivision: HINTON PARK
Assessor Number: 117-20-006
Tax Year: 2019
General Property Description
Ttl Apx SqFt Bldg: 11664
Ttl Apx Net Rnt Spc: 10545
# of Buildings: 2
Uncvrd Parking Spcs: 38
Year Built: 1957
Zoning: C-2, Phoenix
Legal Info
Range: 3E
Section: 33
Township: 2N
Lot Number: 6
Construction
Block: 1
Roofing
Foam: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Professional/Office: 1
Retail: 1
Stories
2 Stories: 1
Pmt & Rate Info
Equity: 1700000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
2 or More Units: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Alarm System: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Exterior
Corner Lot: 1
Pole Sign: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
50,001 to 75,000: 1
Fencing
Block: 1
Other: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Fenced: 1
Private: 1
Paved: 1
Electric
220 Volts: 1
Gas
SW Gas: 1
New Financing
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Cell Phn2: 602-799-7483
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 16th Street & Thomas Road
Directions: From 16th Street and Thomas, head west on Thomas to subject property.
From 16th Street and Thomas, head south to Edgemont, turn right (west), property on north side.
Geo Lat: 33.479927
Geo Lon: -112.048274
Status Change Info
Off Market Date: 2023-04-11
Under Contract Date: 2023-04-06
Close of Escrow Date: 2023-05-01
Sold Price: $1,400,000
Property Features
Building Type: Commercial
Business Type: Professional/Office; Retail
Stories: 2 Stories
Construction: Block
Roofing: Foam
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Heating: 2 or More Units
Cooling: Central Air
Loading Facilities: Grade Level
Interior Features: Finished; Alarm System; Private Restrooms
Exterior: Corner Lot; Pole Sign; Monument Sign
Fencing: Block; Other
Parking Features: Fenced; Private; Paved
Electric: 220 Volts
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
New Financing: 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Traffic Count: 50,001 to 75,000
Environmental: None
Listing Office:
Vestis Group
Last Updated: March - 18 - 2026
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