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Office Building with Central Courtyard
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2701 N 16th St, Phoenix, AZ 85016

Office suites in a red-brick building with a secured central courtyard and 16th St frontage for high visibility.

Property Size8,641 SF
Days on Market3

Property Features for 2701 N 16th St

General Information

Standard status Active
Size 8,641 SF
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Additional Details

Furnished Yes

Amenities

central courtyard
monument sign
parking lot
Listing Agency: NAI Horizon - Phoenix
Listed By: Don Morrow · License #BR016257000
Source: Moodyscre
Added: Jul 30 Changed: Jul 31 Last Checked: Jul 31 at 4:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Horizon - Phoenix

Investment Insights

Based on property information with market context.

This office building features a timeless red brick exterior and is undergoing many building upgrades. Suites have functioning operable windows for fresh air circulation. Tenants share a secured, large central courtyard with mature landscaping that creates a pleasant environment.

The property offers 16th St frontage on a major arterial and includes a monument sign on 16th St with multiple available panels for tenant identity. A bus stop is immediately in front of the property, supporting convenient transit access. The parking lot is being renovated, and secured parking availability supports day-to-day operations.

All furniture in the suites is included with the lease, helping reduce move-in friction for prospective tenants. The building is near Phoenix Children’s Hospital and Arizona Heart Hospital, with quick access to SR 51.

Key Highlights

  • Red brick office building with many upgrades in progress
  • Secured, large central courtyard with mature landscaping for tenant common use
  • Functioning operable windows in suites for fresh air circulation

Property Analytics

Current Use

Advanced Pain Management Physician Patricia Hart Counselor 观音堂 Church Accident Doctor Group Medical Group Injury Chiropractic Alternative Medicine Practice

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store Florist Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,769
Businesses Nearby

Demographics for 85016, AZ

37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.84 /SF/Yr
Avg Asking Price
$0.58–$59.85 /SF/Yr
Price Range
11,631 SF
Avg Space Size

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office suites in a red-brick building with a secured central courtyard and 16th St frontage for high visibility.
Where is this office units located?
The property is located at 2701 N 16th St Phoenix, AZ.
What are key features of this property?
This property features: Red brick office building with many upgrades in progress; Secured, large central courtyard with mature landscaping for tenant common use; Functioning operable windows in suites for fresh air circulation
(602) 639-0747 Call to check price and availability
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