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Flex Space with Grade-Level Loading
New
For Lease
$2,250/Mo

2502 W Morningside Dr, Phoenix, AZ 85023

Finished interiors include a private restroom, office air conditioning and warehouse evaporative cooling.

Space Size1,800 SF
Days on Market3

Property Features for 2502 W Morningside Dr

General Information

Standard status Active
Size 1,800 SF
Net Rentable 1,800 SF
Zoning I-P

Warehouse & Industrial

Clear Height 16 ft
Office Build-Out 480 SF
Mezzanine 480 SF
Drive-In Doors 1
Power 200 amps
Voltage 208 V
Three-Phase Power Yes
Conditioned Warehouse Yes

Additional Details

Available Space 1,800 SF
Highway Access Yes

Taxes and HOA fees

Annual Taxes $1,965

Amenities

private restroom
office A/C
evaporative cooling

Building Details

Construction block construction
Listing Agency: Prestige Realty
Listed By: Ivo Draginov
Source: Exprealty
Added: Sep 30 Changed: Oct 1 Last Checked: Oct 1 at 2:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prestige Realty

Investment Insights

Based on property information with market context.

This 1,800 SF flex condominium in Canyon Business Center has 1,320 SF on the ground floor and a 480 SF office/mezzanine above. The block-construction unit includes a 12'x12' grade-level loading door, 16' clear height, and 200A 120/208V three-phase power on an individual meter. Interior features include a private restroom, office air conditioning and evaporative cooling in the warehouse. The property is zoned I-P and sits on a corner lot.

The unit is just south of Union Hills Dr and within 1 mile of I-17, with access to Loop 101 and Deer Valley Airport.

Key Highlights

  • 1,800 SF total, with 1,320 SF on the ground floor and a 480 SF office/mezzanine
  • 12'x12' front grade‑level loading door and 16' clear height
  • 200A 120/208V 3‑phase power on an individual meter

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Restaurant Spa & Massage Center (Bike/Boat/Book/etc) Store Daycare Center Law Firm Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft
Clear height
1
Drive-in doors
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85023, AZ

35,241
Population
14,765
Households
2.4
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
7.4 sq mi
ZIP Area
4,762
Density / Sq Mi
$72,442
Median Household Income
$43,936
Median Earnings
$1,429
Median Rent
$359,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$15.77 /SF/Yr
Avg Asking Price
$8.41–$28 /SF/Yr
Price Range
14,183 SF
Avg Space Size

This space is priced 5% below the average of $15.77 /SF/Yr.

Vacancy Rate% for Industrial in Phoenix, AZ

6.8% 2019
8.1% 2020
5% 2021
4.4% 2022
8.9% 2023
12.2% 2024
12.7% 2025
Rey
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Similar Off Market Nearby

  • Absolute Wholesale — 2814 W Bell Rd Suite 1460, Phoenix, AZ 85053
  • Mi Catering — 17423 N 25th Ave, Phoenix, AZ 85023

Frequently Asked Questions

What type of property is this?
Flex space - Finished interiors include a private restroom, office air conditioning and warehouse evaporative cooling.
Where is this flex space located?
The property is located at 2502 W Morningside Dr Phoenix, AZ.
What is the lease rate?
The lease rate is $2,250/Mo.
What are key features of this property?
This property features: 1,800 SF total, with 1,320 SF on the ground floor and a 480 SF office/mezzanine; 12'x12' front grade‑level loading door and 16' clear height; 200A 120/208V 3‑phase power on an individual meter
More about this property
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