1616 E. Portland St., Phoenix, AZ, 85006

1616 E. Portland St. Phoenix, AZ 85006

FOR SALE
Property Type:
Multifamily Land
Amount:
$995,000
Last Verified:
Jul 09, 2020

Highlights

  • Located in an Opportunity Zone
  • Close proximity to I-10
  • Less than two miles from the Phoenix Central Business District
  • C-2 SP Zoning

Description

The subject property is located in an Opportunity Zone and consists of a vacant 1.34-acre parcel of vacant land is at the NE corner of 16th Street and Portland Street in Phoenix. This location is less than two-miles NE of the Phoenix Central Business District. The surrounding area is a mixture of commercial and residential uses and is nearby a large concentration of government sponsored housing.

E/NEC of 16th Street and Portland Street. The subject property consists of a vacant 1.34-acre parcel of vacant land located at the northeast corner of 16th Street and Portland Street in Phoenix. This location is less than two-mile northeast of the Phoenix Central Business District. Although the subject is located in close proximity to Interstate 10, there is only an off-ramp at the intersection of 16th Street. The surrounding area is a mixture of commercial and residential uses and is nearby a large concentration of government sponsored housing. The subject is also located within a designated opportunity zone.

Lot Size: 1.34 acres

Map of 1616 E. Portland St., Phoenix, AZ, 85006

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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"Incentives" are vital today and in the future because:

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