2310 N 16th St

2310 N 16th St sits within Phoenix's Midtown/Coronado corridor, one of Central Phoenix's most established infill neighborhoods and a district that has been steadily reinventing itself over the past decade. Nearby, the redevelopment of the historic Park Central Mall into a 500,000-square-foot mixed-use office, retail, and dining hub — along with new culinary concepts from recognized local chefs — continues to draw foot traffic and reinforce Midtown's evolution into a walkable, amenity-rich urban district. The area benefits from its central location, with quick access to Downtown Phoenix, the State Capitol complex, ASU Downtown, and the Valley's light rail system. At the metro level, Phoenix retail fundamentals remain healthy heading into the second half of 2026: vacancy has held steady near 4.5%, asking rents are up nearly 7% year-over-year to roughly $1.73/SF/month, and new construction has slowed sharply, tightening available supply. This combination of steady demand and constrained new retail development supports continued interest in well-located, infill retail properties like 2310 N 16th St, particularly those offering the flexibility of owner-user occupancy paired with in-place income.2310 N 16th St offers an owner-user the chance to buy 12,027 SF of Central Phoenix retail in the Midtown corridor, steps from the historic Coronado District. The property sits on a 0.619 acre (26,954 SF) site with 30 surface parking spaces and room to add more. The offering consists of two spaces. The larger 10,527 SF retail unit will be delivered vacant at close, ready for an owner-user to move in immediately. The smaller 1,500 SF unit operates as a bar and lounge and has been occupied continuously by the same operator since 1976, currently paying $36,000 per year on a month-to-month basis. Offered at $2,500,000 ($208/SF), the property combines a rare infill Central Phoenix footprint with the versatility to serve both owner-occupants and value-add investors. This offering is ideal for an owner-user seeking to occupy the larger retail space while retaining the existing bar tenant as an ancillary income stream, currently paying approximately $36,000 in annual net rent on a month-to-month basis. With the main retail space delivered vacant at close, a buyer gains full flexibility to move in immediately while benefiting from below-market, in-place bar income with future repricing upside. Offered at $2,500,000 ($208/SF), the property combines a rare infill Central Phoenix footprint with the versatility to serve both owner-occupants and value-add investors.