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.
Lot/land
$1,650,000
4249 N 16TH Street #-, Phoenix, AZ 85016
--beds
--baths
0.63Acres
Land
Built in ----
0.63 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 24 days |
- 117 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Jonathan Corwell 801-243-8269,
Apex Residential,
Daniel K Papin 630-779-6013,
Apex Residential
Source: ARMLS,MLS#: 7057819
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: 25 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
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 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 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Camelback East
Nearby schools
GreatSchools rating
- 5/10Madison Park SchoolGrades: PK,5-8Distance: 0.3 mi
- 2/10North High SchoolGrades: 9-12Distance: 1.5 mi
- 3/10Madison Camelview Elementary SchoolGrades: PK-4Distance: 0.6 mi
Schools provided by the listing agent
- District: Madison Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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