417 N 16th Street

Phoenix, AZ 85006
  • $5,250,000
  • STATUS: Active
  • ON SITE: 376 days
  • MLS #: 5832013
UPDATED: 29 min ago
$5,250,000
  • 0
    BEDS
  • 7.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

The Van Buren corridor from 7th St to Interstate-10 is currently a top priority at the City of Phoenix as a revitalization project (street widening and beautification, moratorium on car dealerships/automotive repair shops) to enhance the overall area.One of the largest vacant land parcels available in the downtown Phoenix market, with all utilities to the property and all off-sites completed. Site has great access to Interstate-10 via interchanges at 16th St and Washington St / Jefferson St. The property is located with-in an ''Opportunity Zone'' which offers investors who reinvest capital gains monies in these areas to receive reductions on capital gains taxes relative to the years of their investment.

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© 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2019-10-23T21:11:03.757.
www.thejesseherfelgroup.com/homes/88415811

417 N 16th Street Phoenix, AZ 85006

  • Price: $5,250,000
  • Status: Active
  • Updated: 29 min ago
  • MLS #: 5832013
0
Beds
0
Baths
0
½ Baths
7.8
Acres
County:
Maricopa
Area:
Phoenix
Property Description
The Van Buren corridor from 7th St to Interstate-10 is currently a top priority at the City of Phoenix as a revitalization project (street widening and beautification, moratorium on car dealerships/automotive repair shops) to enhance the overall area.One of the largest vacant land parcels available in the downtown Phoenix market, with all utilities to the property and all off-sites completed. Site has great access to Interstate-10 via interchanges at 16th St and Washington St / Jefferson St. The property is located with-in an ''Opportunity Zone'' which offers investors who reinvest capital gains monies in these areas to receive reductions on capital gains taxes relative to the years of their investment.
Exterior Features

Lot Size Dimensions - Parcel Size 5.00 - 9.99 Acres

Property Features

Cross Street Just N Of The Nec Of 16th Street & Van Buren Stree Electric City Electric Existing Land Use Commercial Acreage For Sale Or Lease Sale Gas City Gas Hoa YN N Hoa2 YN N New Financing CashConventional Sewer Sewer - Public Special Listing Conditions N/A Tax Year 2018 Taxes 16207.00 Water City Franchise Zoned Presently Commercial Zoning C-3

Listing courtesy of Insight Land & Investments.


© 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2019-10-23T21:11:03.757.
 
Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group
3341 E Queen Creek Rd #109
Gilbert AZ, 85142