3602 16Th St Phoenix, AZ 85016

Property Details for 3602 16Th St

Year built

1956

Construction

CONCRETE

Lot size

0.69 lot acres

Property size

12,618 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

118-09-119

APU

11809119

Description

This exceptional investment opportunity presents a rare multi-tenant commercial property situated on a 0.69-acre lot at 3602 N 16th Street in Phoenix, Arizona. The building, constructed in 1956, benefits from a recently installed (2024) foam roof, significantly reducing maintenance costs. This C-2 zoned property offers considerable flexibility for a variety of tenant uses, facilitated by 24-hour access. Each suite boasts separately metered water and electric, promoting efficient tenant management and cost allocation. A prominent pole sign, currently utilized by a tenant, provides excellent visibility along the busy 16th Street Corridor. The property's design caters to logistical needs, with rear access allowing delivery trucks convenient access to tenant back doors. A partially fenced rear area enhances security. Inside, tenants enjoy nine-foot ceilings, private bathrooms in each suite, and full air conditioning. Ample power is available, with 200 amps allocated to each suite, complemented by Cox cable access. This property is ideally suited for investors seeking a strong return, and qualifies for 1031 exchange. The combination of its prime location, updated features, and flexible zoning makes this a truly compelling investment prospect.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-112.048

Latitude

33.4899

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments