$4,500,000
Phoenix, AZ 85006
MLS# 6145867
Status: Closed
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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.
Details
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2020-10-13
Location, Tax & Legal
Lot #: -
Assessor's Map #: 17
Assessor's Parcel #: 157
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 16515
Map Code/Grid: R34
House Number: 417
Compass: N
Street Name: 16th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
County Code: Maricopa
Assessor Number: 116-17-157
Tax Year: 2020
General Property Description
Apx Total Acres: 5.32
Apx Total Acres G/N: G
Price Per Acre: 874060.15
Apx SqFt: 231739.2
Price Per SqFt: 20.07
Apx SqFt G/N: G
Lot Size Dimensions: -
Zoning: WU
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 4650000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Existing Land Use
Commercial Acreage: 1
Zoned Presently
Commercial: 1
Parcel Size
5.00 - 9.99 Acres: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
City Electric: 1
Gas
City Gas: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Conventional: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Conventional: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Conventional: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Just N of the NEC of 16th Street & Van Buren Stree
Geo Lat: 33.453508
Geo Lon: -112.046909
Status Change Info
Off Market Date: 2021-08-10
Under Contract Date: 2021-07-22
Close of Escrow Date: 2021-12-31
Sold Price: $4,500,000
Legal Info
Lot Number: -
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Acreage
Zoned Presently: Commercial
Parcel Size: 5.00 - 9.99 Acres
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Conventional
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Conventional
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Listing Office: Insight Land & Investments
Last Updated: January - 01 - 2022
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