3602 N 16TH Street, Phoenix, AZ 85016 (MLS# 6808636)

3602 N 16TH Street, Phoenix, AZ 85016

$1,900,000

Property Type: Comm/Industry Sale Square Footage: 12,619 Lot Size (sq. ft.): 30,056 Status: Closed

Current Price: $1,900,000 List Date: 1/22/2025 Last Modified: 5/16/2025

Overview

Description

Rare C-2 Multi-Tenant property along 16th Street Corridor. Block building constructed in 1956, new foam roof 2024, suites have separately meted water & electric. Twenty-four-hour access to accommodate all tenant uses Pole sign currently being used by Crime Scene. Back of property accessible to delivery trucks for receiving shipping at tenant's back doors. Back area partially fenced off for added security. Nine (9) foot interior ceiling clearance, private bathrooms in each suite. Fully air conditioned. 200 amps available to each suite, plus Cox cable available. 1031 Ok.

Listing Details MLS# 6808636

Location, Tax & Legal

House Number: 3602
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 6422
Country: US
County Code: Maricopa
Assessor Number: 118-09-119
Tax Year: 2024
Assessor's Map #: 9
Legal Description (Abbrev): E 184' OF S 203' OF N 528' OF E 660' OF SE4 NE4 EX E 35.50' .69 AC
Assessor's Parcel #: 119
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 13940
Legal: E 184' OF S 203' OF N 528' OF E 660' OF SE4 NE4 EX E 35.50' .69 AC

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 12619
# of Buildings: Yes
Year Built: 1956
Uncvrd Parking Spcs: 28
Zoning: C-2
Flood Zone: No

Remarks Misc

Cross Street: 16th St. & Osborn
Directions: North on 16th Street to property.

Status Change Info

Off Market Date: 2025-02-05
Under Contract Date: 2025-02-04
Close of Escrow Date: 2025-05-06

Legal Info

Township: 2N
Range: 3E
Section: 28
Lot Number: 119

More Information

Income Expenses

Gross Annual Sch Inc: 160800
Net Operating Income: 104900

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: Carryback
Loan Years: 5
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes

Roofing

Foam: Yes

Floors

Concrete: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3500
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17440
Other Income: 0
Vacancy Allowance: 0.2
Adjusted Gross Inc: 128640

Building Type

Commercial: Yes
Office: Yes

Business Type

Service Business: Yes
Retail: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 4.77
Equity: 2200000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes
Electric: Yes
Office Heated: Yes

Cooling

Heat Pump: Yes
Office A/C: Yes
Warehouse A/C: Yes

Interior Features

Finished: Yes
Private Restrooms: Yes

Loading Facilities

Drive-in Door(s): Yes

Road Access Type

Dedicated Street: Yes

Exterior

Pole Sign: Yes
Building Sign: Yes
Sidewalk(s): Yes

Source of Fincl Data

Accountant: Yes

Fencing

Chain Link: Yes

Water Source

City Franchise: Yes
Individual Meter: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Building Features

Display Window(s): Yes

Sewer

Sewer - Public: Yes
Septic-In & Connected: Yes

Parking Features

Free: Yes

Electric

APS: Yes
220 Volts: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Use Restrictions

Currently Leased: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Office Business Type: Service Business; Retail Stories: 1 Story Construction: Block Roofing: Foam Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump; Office Heated Cooling: Office A/C; Warehouse A/C; Heat Pump Loading Facilities: Drive-in Door(s) Interior Features: Finished; Private Restrooms Exterior: Pole Sign; Building Sign; Sidewalk(s) Fencing: Chain Link Building Features: Display Window(s) Parking Features: Free Road Access Type: Dedicated Street Electric: APS; 220 Volts Gas: None Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Septic-In & Connected New Financing: Cash Only; 1031 Exchange Lockbox Type: None Source of Fincl Data: Accountant Existing 1st Loan: Treat as Free&Clear Use Restrictions: Currently Leased Environmental: None

Listing Office: Cabrillas Realty Services

Last Updated: May - 16 - 2025