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Newly Renovated Flex Suites
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4640 E Elwood St, Phoenix, AZ 85040

Multi-tenant flex property with covered parking and newly renovated spec suites in tilt-up construction.

Property Size2,602 SF
Lot Size10.05 Acres
Days on Market849

Property Features for 4640 E Elwood St

General Information

Standard status Active
Size 2,602 SF
Lot size 10.05 Acres
Property subtype INDUSTRIAL
Zoning A-1
Lease Type SF/mo

Additional Details

Highway Access Yes

Amenities

covered parking
professionally maintained grounds

Building Details

Year Built 1985
Construction tilt-up
Tenancy Multi
Listing Agency: Commercial Properties Inc
Listed By: Michael Goldwater
Source: Moodyscre
Added: Apr 5, 2024 Changed: Jul 25 Last Checked: Aug 1 at 10:47AM

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 Commercial Properties Inc

Investment Insights

Based on property information with market context.

Westech Business Center is a 143,940 SF, multi-tenant flex and industrial property on 10.05 acres in the City of Phoenix. Built in 1985 with tilt-up construction, the site offers various suite sizes and professionally maintained grounds.

The property is located at Elwood and 48th Street and is minutes from I-10 and SR-143, supporting convenient access for day-to-day operations. Covered parking is available on site.

Newly renovated spec suites are available, offering updated space within a maintained, multi-tenant business center setting.

Key Highlights

  • Westech Business Center offers 143,940 SF across a multi‑tenant project on 10.05 acres
  • Zoned A‑1 (City of Phoenix) and located at Elwood and 48th Street in Phoenix
  • 1985 tilt‑up construction with professionally maintained grounds

Property Analytics

Current Use

Boundless Network Inc Food Market Groundwater & Environmental Services, ... Environmental Consultant Hirsch International Corporation Printing Service S.A.F.E. Security Service Phoenix Fan Fusion Event Planning

Suggested Use

Top Pick Dental Office Bakery Veterinary Clinic Butcher Daycare Center (Bike/Boat/Book/etc) 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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

487
Businesses Nearby
Well-served
Demand for This Use

Demographics for 85040, AZ

33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$95.94 /SF/Yr
Avg Asking Price
$0.69–$141 /SF/Yr
Price Range
2,860 SF
Avg Space Size

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
Questions? Ask Rey
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Similar Off Market Nearby

  • AZ School Meals — 1235 S 48th St #4, Tempe, AZ 85281
  • Arizona Party Wizards — 2400 W Medtronic Way # 2, Tempe, AZ 85281
  • AZ Inspirations Catering — 2400 W Medtronic Way #2, Tempe, AZ 85281
  • Chef John's, LLC — 2207 S 48th St, Tempe, AZ 85282

Frequently Asked Questions

What type of property is this?
Flex space - Multi-tenant flex property with covered parking and newly renovated spec suites in tilt-up construction.
Where is this flex space located?
The property is located at 4640 E Elwood St Phoenix, AZ.
What are key features of this property?
This property features: Westech Business Center offers 143,940 SF across a multi‑tenant project on 10.05 acres; Zoned A‑1 (City of Phoenix) and located at Elwood and 48th Street in Phoenix; 1985 tilt‑up construction with professionally maintained grounds
(602) 332-6360 Call to check price and availability
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