Historic Midtown Owner/User Office Sold For $162/SF
May 24, 2019 | Phoenix, AZ
PHOENIX – Situated along16th Street in midtown Phoenix, the owner/user office building recently sold for $340,000, or $162 per square foot. Located less than one mile from State Route 51, the property has excellent access to midtown and downtown Phoenix businesses and amenities. The escrow period lasted a total of a short six days with a non-contingent buyer selected. Multiple offers were generated.
Nick Miner, CCIM and J.T. Taylor of ORION Investment Real Estate exclusively represented the Seller, Dorothy V Fowler. Miner said, "This property generated a lot of interest during the marketing period. We selected the buyer that agreed to go non-contingent upon opening of escrow and close in less than a week.” “The 16th Street area has seen recent new developments and redevelopments. With its strategic location off of the 51 and close proximity to PCH, this was a highly desirable location.”
The Buyer, Susan Makou, was represented by Zack Alawi.
3202 North 16th Street
Built in 1929 / Remodeled in 1946 & 2007
+/- 2,100 SF
Phoenix Historic Midtown Owner/User Office Sold For $162/SF - Real Estate Daily News