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Renovated Two-Story Medical Office Building
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4801 E McDowell Rd, Phoenix, AZ 85008

2023 renovation modernized this two-story, multi-tenant medical and professional office building with 10 condominium units.

Property Size21,884 SF
Days on Market117

Property Features for 4801 E McDowell Rd

General Information

Standard status Active
Size 21,884 SF
Property subtype OFFICE

Site & Location

Traffic Count 50,000 vehicles/day
Highway Access Yes

Additional Details

Business Included No

Amenities

inviting courtyard
prominent building signage on McDowell Road

Building Details

Year Renovated 2023
Stories 2
Tenancy Multi
Listing Agency: LevRose Commercial Real Estate
Listed By: Hunter Chasse · License #SA657832000
Source: Moodyscre
Added: Apr 7 Changed: Jul 28 Last Checked: Jul 31 at 10:32AM

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 LevRose Commercial Real Estate

Investment Insights

Based on property information with market context.

Forty-Eight Zero One is a 21,884 SF, two-story, multi-tenant medical and professional office building that completed an extensive renovation in 2023. The modernization included new HVAC systems, a new roof, and full building upgrades, and the property was re-platted into 10 individual condominium units to support either leasing or purchasing a specific suite. The complex includes an inviting courtyard that adds a community feel within the office environment.

Located at 4801 E McDowell Rd in Phoenix, the building benefits from prominent visibility with signage on McDowell Road and approximately 150,000 VPD. The property also offers immediate access to Phoenix Sky Harbor International Airport and the regional freeway network via SR-143, supporting strong convenience and connectivity for tenants and visitors.

Flexible unit sizes accommodate a range of users, with options from 1,182 to 8,166 SF.

Key Highlights

  • ±21,884 SF, two‑story, multi‑tenant medical and professional office building
  • Extensive $1.5 million renovation completed in 2023, including new HVAC systems and a new roof
  • Re‑platted into 10 individual condominium units, giving businesses the option to lease or purchase their suite

Property Analytics

Current Use

Starmaker Models Talent Marketing & Advertising Phoenix Tattoo Removal ... Tattoo & Piercing Shop Omni Dermatology, Inc. Physician Phoenix Autism Center ... Medical Clinic Jeffrey Dickman, DO Physician

Suggested Use

Top Pick Dental Office Building Supply Auto Parts Store Hair Salon Spa & Massage Center Nail Salon

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

50,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby

Demographics for 85008, AZ

59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Office units - 2023 renovation modernized this two-story, multi-tenant medical and professional office building with 10 condominium units.
Where is this office units located?
The property is located at 4801 E McDowell Rd Phoenix, AZ.
What are key features of this property?
This property features: ±21,884 SF, two‑story, multi‑tenant medical and professional office building; Extensive $1.5 million renovation completed in 2023, including new HVAC systems and a new roof; Re‑platted into 10 individual condominium units, giving businesses the option to lease or purchase their suite
(480) 289-4225 Call to check price and availability
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