2533 N 16TH Street, Phoenix, AZ 85006

New Listing

$3,500,000

Property Type: Comm/Industry Sale Square Footage: 7,933 Lot Size (sq. ft.): 37,471 Status: Pending

Current Price: $3,500,000 List Date: 8/09/2026 Last Modified: 8/09/2026

Overview

Description

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!

Listing Details MLS# 6976713

Location, Tax & Legal

House Number: 2533
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1402
Country: US
County Code: Maricopa
Subdivision: GREENFIELD ACRES LOTS 1-8
Assessor Number: 117-05-023
Tax Year: 2025
Assessor's Map #: 5
Legal Description (Abbrev): GREENFIELD AC PT LOT 13 W 197' OF N2 EX W 2.5'
Assessor's Parcel #: 23
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 111602
Taxes: 6343
Legal: GREENFIELD AC PT LOT 13 W 197' OF N2 EX W 2.5'

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 7933
# of Buildings: Yes
Stories: Yes
# of Interior Levels: Yes
Lot Size Dimensions: 76x194
Year Built: 1973
Uncvrd Parking Spcs: 15
Zoning: C-2

Remarks Misc

Cross Street: McDowell Rd & 12th St
Directions: Head toward 13th St, Turn left onto 16th St. Property will be on the right.

Status Change Info

Off Market Date: 2026-08-09
Under Contract Date: 2026-06-08

Legal Info

Township: 2N
Range: 3E
Section: 34
Lot Number: 13

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Currently Not Used

Sold Price Per SqFt: 441.2

Construction

Block: Yes
Stucco: Yes
Wood Frame: Yes

Roofing

Rolled: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6343
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Mixed: Yes
Restaurant: Yes

Pmt & Rate Info

Equity: 3200000
Total Owed: 0

Lockbox Type

Other: Yes

Ceiling Height

16.1 Feet to 28 Feet: Yes

Heating

None: Yes

Cooling

Central Air: Yes
Warehouse Evap: Yes

Interior Features

Finished to Suit: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Camera(s): Yes
Private Restrooms: Yes

Loading Facilities

Grade Level: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Exterior

Dual Street Ftg: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Building Features

Kitchen: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Free: Yes
Paved: Yes

Electric

APS: Yes
Master Meter: Yes
220 Volts: Yes
440 Volts: Yes
3 Phase Power: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
1031 Exchange: Yes
Lease: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial Business Type: Mixed; Restaurant Construction: Block; Stucco; Wood Frame Roofing: Rolled Floors: Concrete; Ceramic Tile Ceiling Height: 16.1 Feet to 28 Feet Heating: None Cooling: Central Air; Warehouse Evap Loading Facilities: Grade Level Interior Features: Finished to Suit; Smoke Detector(s); Security System; Security Camera(s); Private Restrooms Exterior: Dual Street Ftg Fencing: None Building Features: Kitchen Parking Features: Free; Paved Road Access Type: City Street Road Responsibility: City Maintained Road Electric: APS; Master Meter; 220 Volts; 440 Volts; 3 Phase Power Gas: None Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected New Financing: Cash Only; 1031 Exchange; Lease Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Other Source of Fincl Data: Owner Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: None

Listing Office: eXp Realty

Last Updated: August - 09 - 2026