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Medical Suite in Central District
For Lease
$29 SF/Yr

320 East McDowell Road, Phoenix, AZ 85004

Medical suite in multi-tenant building, Central Avenue Business District.

Space SizeContact for details
Days on Market150

Property Features for 320 East McDowell Road

General Information

Standard status Active
Property subtype Healthcare
Listing Agency: CBRE - Phoenix
Listed By: Philip Wurth, CCIM
Source: Cbre
Added: Mar 25 Changed: Aug 13 Last Checked: Aug 20 at 7:52AM

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 CBRE - Phoenix

Investment Insights

Based on property information with market context.

A built-out medical suite is available within a three-story, multi-tenant office building situated in the Central Avenue Business District. The property is approximately a 5-minute drive to Banner University, St. Joseph’s Hospital & Medical Center, and Barrow Neurological Hospital, and less than 10 minutes to Phoenix Children’s Hospital. It offers convenient access to I-10 and SR 51, and is a 5-minute walk to the Light Rail. The property size is 4,043 square feet.

Key Highlights

  • Built‑out Medical Suite
  • Prime location in the heart of the Central Avenue Business District
  • Approximately 5 minutes drive to Banner University, St. Joseph’s Hospital & Medical Center and Barrow Neurological Hospital

Property Analytics

Current Use

AZ Family Law ... Law Firm Guillermo Andrade Physician Professional In Home TV ... Computer & Electronic Repair Dr. William R. ... Physician Consulate General of Mexico Foreign Consulate

Suggested Use

Top Pick Storage Facility Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store

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

NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,708
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85004, AZ

8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.12 /SF/Yr
Avg Asking Price
$2.72–$32 /SF/Yr
Price Range
11,819 SF
Avg Space Size

This space is priced 60% above the average of $18.12 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
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Similar Off Market Nearby

  • North Kenilworth Veterinary Care 342 W McDowell Rd, Phoenix, AZ 85003

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical suite in multi-tenant building, Central Avenue Business District.
Where is this medical office space located?
The property is located at 320 East McDowell Road Phoenix, AZ.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: Built‑out Medical Suite; Prime location in the heart of the Central Avenue Business District; Approximately 5 minutes drive to Banner University, St. Joseph’s Hospital & Medical Center and Barrow Neurological Hospital
More about this property
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