2533 N 16th St Phoenix, AZ 85006
Central City NeighborhoodEstimated payment $18,541/month
Highlights
- 0.86 Acre Lot
- Community Kitchen
- Ceramic Tile Flooring
- Phoenix Coding Academy Rated A
- Cooling Available
- 3-minute walk to Virginia Park
About This Home
Incredible investment opportunity! Nestled on a premium corner lot, this versatile commercial building enjoys excellent visibility w/tons of parking space, making it perfect for your next business venture! Currently used as a restaurant & event center, the spacious interior makes it ideal for just about anything, whether it's retail, entertainment, or even simple storage. PLUS! The adjacent vacant lot is being sold together, so you'll have plenty of space for expanding if needed! What are you waiting for? Don't let this amazing opportunity slip by!
Property Details
Property Type
- Other
Est. Annual Taxes
- $6,343
Year Built
- Built in 1973
Lot Details
- 0.86 Acre Lot
- Property is zoned C-2
Home Design
- Wood Frame Construction
- Block Exterior
- Stucco
Interior Spaces
- 7,933 Sq Ft Home
- Ceramic Tile Flooring
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
- Paved Parking
Utilities
- Cooling Available
- No Heating
Listing and Financial Details
- Tax Lot 13
- Assessor Parcel Number 117-05-023
Community Details
Overview
- Building Dimensions are 76x194
- Greenfield Acres Lots 1 8 Subdivision
Additional Features
- Community Kitchen
- Operating Expense $6,343
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,343 | $46,959 | -- | -- |
| 2024 | $6,412 | $46,120 | -- | -- |
| 2023 | $6,412 | $141,083 | $51,374 | $89,709 |
| 2022 | $6,341 | $120,435 | $36,190 | $84,245 |
| 2021 | $6,681 | $74,070 | $32,958 | $41,112 |
| 2020 | $6,519 | $79,128 | $31,968 | $47,160 |
| 2019 | $6,473 | $66,186 | $17,334 | $48,852 |
| 2018 | $6,340 | $64,944 | $16,056 | $48,888 |
| 2017 | $6,095 | $55,044 | $16,722 | $38,322 |
| 2016 | $5,859 | $46,890 | $15,624 | $31,266 |
| 2015 | $5,602 | $39,091 | $15,078 | $24,013 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/09/2026 02/09/26 | Price Changed | $3,500,000 | +9.4% | $441 / Sq Ft | |
| 01/30/2026 01/30/26 | For Sale | $3,200,000 | +559.8% | $403 / Sq Ft | |
| 06/08/2018 06/08/18 | Sold | $485,000 | -8.5% | $56 / Sq Ft | View Prior Sale |
| 04/18/2018 04/18/18 | Price Changed | $529,900 | -8.6% | $61 / Sq Ft | |
| 02/12/2018 02/12/18 | For Sale | $579,900 | -- | $67 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,025,000 | Security Title Agency Inc | |
| Warranty Deed | $485,000 | Security Title Agency Inc | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $300,000 | Stewart Title & Trust Of Pho |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $979,300 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6976713
APN: 117-05-023
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.