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Property profile

1915 N 16Th St Phoenix, AZ 85006

Flex space
Property ID
US07-3401846
View Sample
4,340 SF 0.14 ac lot Built 1940
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional turnkey bakery opportunity is located at 1915 N 16th St, Phoenix, AZ 85006, within Maricopa County. The property, built in 1940, is zoned C-2 and offers immediate occupancy. Priced at $995,000, this retail space comes fully equipped for continued operation as a bakery. The sale includes extensive bakery furniture, fixtures, and equipment (FF&E), eliminating the need for significant upfront investment. Key features include commercial ovens, a walk-in freezer, and a walk-in refrigerator, ensuring efficient and effective baking operations. The property also boasts convenient storage racks and a roll-up door, ideal for efficient distribution of goods. Its strategic location provides easy access to major transportation arteries, including I-10 and SR-51, enhancing accessibility for both customers and suppliers. This is a rare opportunity to acquire a well-established, fully operational bakery in a high-traffic area, ready for a new owner to step in and continue its success. The property's existing infrastructure and equipment significantly reduce the time and cost associated with setting up a new bakery business. Don't miss this chance to own a thriving business in a desirable location.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1940
Construction CONCRETE
Total area 4,340 SF
Lot 0.14 ac (5,973 SF)
Zoning code C-2
APN 117-16-103
UPID US07-3401846

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$785k
Blend (final) Blend
$300k

Owner & transaction history

since 2025
Last sale
$940,000
7 recorded transactions
2025
$940,000
2016
$260,000
2004
$145,000
2003
Price N/A
1997
$65,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Office building $1.3M +36.4%
Medical building $1.2M +20.7%
Warehouse, storage $1.1M +18.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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