16THOMAS | COMMERCIAL REAL ESTATE FOR SALE IN PHOENIX AZ

SOUTHWEST CORNER OF 16TH STREET & THOMAS ROAD – PHOENIX, AZ

1541 E THOMAS RD, PHOENIX, AZ 85014 | RETAIL REDEVELOPMENT FOR SALE

Lot Size 0.94 Acres | 41,029 SF
Building Size 8,104 SF (3,654 SF, 16th Street | 8,010 SF, Thomas Rd)
Available Parking 46 Spaces
Year Built 1955 (Remodeled 2021, 16th Street)
Zoning C-2, City of Phoenix
Cross Streets 16th Street & Thomas Road
Traffic Counts 57,500 VPD (CoStar, 2019)
Neighborhoods Central Phoenix, Midtown Phoenix, 16th Street Corridor, Phoenix Retail Market
Listing Status Pending

HIGHLIGHTS

High Visibility – Street Frontage Retail with Monument Signage
Central Phoenix Redevelopment Includes Additional Land With Retail PAD Upside (C-2 PAD Drive Thru Retail With City Of Phoenix CUP Approval)
Infill Site Near Coronado Historic District | Opportunity Zone
Less Than One (1) Mile From SR-51 Freeway
More Than 57,500 Cars Per Day Go Through The Intersection Daily
7 Major Hospitals Within 3.5 Miles (+/- 8,600 Employees | 2,259 Beds | Over 200,000 Combined Annual Visitors)

PROPERTY INFO

16Thomas At Midtown is a central Phoenix redevelopment that includes a fully remodeled existing retail/office/flex space with controlled access and additional land with retail PAD upside (C-2 PAD Drive Thru Retail With City Of Phoenix CUP Approval), located in Midtown Phoenix, approximately 0.6 miles west of Arizona State Route 51 (Piestewa Freeway) and approximately 1.2 miles north of Interstate 10, west of 16th Street, along Thomas Road, allowing easy access to Downtown Phoenix, the Central Office Corridor, Camelback Corridor and Phoenix Sky Harbor International Airport and numerous employers. The total land area includes approximately 41,029 SF or 0.94 Acres, and the total existing building square footage includes approximately 11,664 square feet.