Building Details

Year Renovated 2023

Stories 2

Tenancy Multi

Listing Agency: LevRose Commercial Real Estate Show Phone

Listed By: Hunter Chasse · License #SA657832000 Show Phone

Source: Moodyscre

Added: Apr 7 Changed: Sep 4 Last Checked: Sep 15 at 9:20AM

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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

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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

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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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