417 N 16th Street Unit #-, Phoenix, AZ 85006

$5,250,000
List Price
$5,250,000
Days on Market
595
Status
ACTIVE
MLS#
5832013
City
Phoenix
Lot Size
339,768

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.

Additional Information

Acres
7.8
Electric
City Electric
Existing Land Use
Commercial Acreage
Gas
City Gas
Lot Size
339,768
New Financing
Cash, Conventional
Parcel Size
5.00 - 9.99 Acres
Sewer
Sewer - Public
Pool
Yes
Taxes
$16,207
Tax Year
2018
Unit Number
-
Water
City Franchise
Zoned Presently
Commercial
Zoning
C-3

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Insight Land & Investments.

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