Lot/land

Price cut: $455K (9/9)

$1,195,000

4249 N 16TH Street #-, Phoenix, AZ 85016

--beds

--baths

0.63Acres

Land

Built in ----

0.63 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Rare opportunity to acquire a mixed-use development site in the heart of Central Phoenix. This vacant parcel features C-2 Commercial zoning at the front and R-3 Multifamily zoning at the rear, offering exceptional flexibility for residential, mixed-use, or commercial development. Plans have been submitted to the City of Phoenix for 8 modern townhomes. Highlights: Mixed C-2 & R-3 zoning Plans submitted for 8 townhomes High-visibility 16th Street frontage Utilities available Minutes from SR-51, Downtown Phoenix, Midtown, Camelback Corridor, and Sky Harbor Airport Ideal for townhomes, mixed-use, office, retail, medical, restaurant, or live/work development. Located in one of Phoenix's most desirable infill corridors, this is a rare opportunity to develop in a high-demand.

70 days
93
3

Facts & features

Property

Features

Fencing: None

Lot

Size: 0.63 Acres
Dimensions: 85' x 283'
Features: Corner Lot
Topography: Level

Details

Additional structures: None
Parcel number: 16328048A
Zoning: C-2

Utilities & green energy

Electric: City Electric
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Subdivision: MORNINGSIDE ACRES

HOA

Has HOA: No

Location

Region: Phoenix

Financial & listing details

Tax assessed value: $551,100
Annual tax amount: $4,205
Date on market: 7/23/2026
Cumulative days on market: 71 days
Listing terms: Cash,Seller Approve Terms
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/9/2026	Price change	$1,195,000-27.6%
Source: ARMLS #7057819 Report a problem
7/23/2026	Listed for sale	$1,650,000-8.3%
Source: ARMLS #7057819 Report a problem
7/15/2026	Listing removed	$1,799,999
Source: ARMLS #6861744 Report a problem
4/16/2026	Price change	$1,799,999-20%
Source: ARMLS #6861744 Report a problem
5/5/2025	Listed for sale	$2,250,000+900%
Source: ARMLS #6861744 Report a problem
7/29/2011	Sold	$225,000+7.1%
Source: Public Record Report a problem
11/3/2004	Sold	$210,000+50%
Source: Public Record Report a problem
8/31/2001	Sold	$140,000+57.8%
Source: Public Record Report a problem
8/31/1994	Sold	$88,705
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,205 +4.9%	$82,665 +2.8%
2024	$4,009 +2.7%	$80,430 +174.7%
2023	$3,901 +3.1%	$29,276 -35.6%
2022	$3,785 +0.7%	$45,450 +17.9%
2021	$3,758 +2.3%	$38,565 +23.8%
2020	$3,676 +2.5%	$31,140 -13.6%
2019	$3,585	$36,045 +8.2%
2018	$3,585 +4.9%	$33,315 +12%
2017	$3,417 +4.5%	$29,745 +16.2%
2016	$3,268 +3.6%	$25,605 +21.1%
2015	$3,154	$21,136