16th St. Redevelopment Opportunity

1610 E Palm Ln Phoenix, AZ 85006

1610 E Palm Ln, Phoenix, AZ, 85006
1610 E Palm Ln, Phoenix, AZ, 85006
FOR SALE
Property Type:
Other Land
Amount:
$2,353,000
Last Verified:
Jan 29, 2019

Highlights

  • Downtown Phoenix- Zoned C-2, R-3, R-4
  • 8 assembled parcels
  • Currently has an income of $13,000 per month
  • 2.7 acres
  • 16th St. frontage
  • Access to 16th St. & 17th St.
  • Close to Phoenix Children's Hospital and Banner Medical Center
  • Close proximity to I-10 Loop 202 and SR-51 Freeways
  • Extensive redevelopment happening on 16th St.

Description

Downtown Phoenix- Zoned C-2, R-3, R-4
8 assembled parcels
Currently has an income of $13,000 per month
2.7 acres
16th St. frontage
Access to 16th St. & 17th St.
Close to Phoenix Children's Hospital and Banner Medical Center
Close proximity to I-10 Loop 202 and SR-51 Freeways
Extensive redevelopment happening on 16th St.

NEC of 16th St. & Palm Ln

Lot Size: 2.7 acres

Map of 1610 E Palm Ln, 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."

Why are Real Estate Incentives Important and to Whom?

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

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.