CORONADO16 | RETAIL CENTER FOR SALE IN MIDTOWN PHOENIX, ARIZONA
SOUTH OF THE SOUTHWEST CORNER OF 16TH STREET & THOMAS ROAD – PHOENIX, AZ
CORONADO16 | CENTRAL PHOENIX RETAIL REDEVELOPMENT
Location 2816 N 16th St, Phoenix, AZ 85006
Property Type Retail
Sale Type Investment
Net Operating Income $98,668
Cap Rate 7.5%
Lot Size 0.34 Acres / 14,949 SF
Building Size 8,865 SF
Available Parking 14 Spaces
Year Built 1957, Remodeled 2018
Zoning C-2, City of Phoenix
APN / Parcel ID 117-20-027, 117-20-028
Cross Streets 16th Street & Thomas Road
Traffic Counts 57,563 VPD (16th St/Thomas Rd)
Neighborhoods 16th Street Corridor, Calle 16, Central Phoenix, Coronado, East Phoenix, Midtown Phoenix
Listing Status Active
- High Visibility – Street Frontage Retail with Monument Signage
- Midcentury Modern Architecture | Built in 1957 (Renovated 2018)
- 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
- Hassle-Free Investment Perfect For 1031 Exchange
- 7 Major Hospitals Within 3.5 Miles (+/- 8,600 Employees | 2,259 Beds | Over 200,000 Combined Annual Visitors)
Coronado16 is a single story, midcentury modern, retail shopping center located in Phoenix, Arizona. The property is situated in a commercial area adjacent to Barrio Cafe and the Coronado Historic District. Full ingress and egress to 16th Street which provides access to State Route 51 (Piestewa Freeway), via Thomas Road, and Interestate 10. Coronado 16 is located in Phoenix’s downtown-midtown-uptown urban core, near Phoenix Children’s Hospital, Abrazo Arizona Heart Institute, Abrazo Arizona Heart Hospital, Banner – University Medical Center Phoenix, Barrow Neurological Institute, Carl T. Hayden VA Medical Center, Phoenix Indian Medical Center and St. Joseph’s Hospital and Medical Center.
Coronado16 is a retail strip center located in Phoenix, Arizona, less than 1 mile west of the Piestewa Freeway (SR-51), south of the southwest corner of 16th Street and Thomas Road, allowing easy access to Arcadia, Biltmore, Midtown, Downtown Phoenix, Arizona State University’s Downtown Phoenix Campus, University of Arizona’s Phoenix Biomedical Campus, Phoenix Sky Harbor International Airport and numerous employers.
Built in 1957 and renovated in 2018, Coronado16 offers high visibility street frontage retail space with monument signage available. The neighborhood retail shopping center has ample parking available. Coronado 16 combines mid-century modern charm and urban art with a great mix of local, regional and national retailers and restaurants, including: Berry Divine Acai Bowls, SPACE Wellness, Cricket Wireless, State Farm Insurance, Rosana’s Salon, Pure iPhone Repair, and Deportes America Soccer Shop. Disclosure: Owner/Agent.
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