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    323 Mcdowell Rd Phoenix, AZ 85003

    For Lease
    $17 SF/Yr ($10,355 /Mo)

    7,310 SF Office/Retail, High Visibility

    Lot size:
    7,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 7,310-square-foot commercial property, located at 323 W McDowell Rd in Phoenix, Arizona (zip code 85003), presents a unique investment opportunity. The single-story, 1926-built building boasts a flexible zoning designation within the Commercial Downtown McDowell Corridor (APN: 111-31-121-A), allowing for diverse uses including retail, office, and industrial. Currently, 6,550 square feet are vacant, divisible into spaces ranging from 750 to a maximum contiguous 5,800 square feet. The property features a 12-foot ceiling height, adding to its versatility. Eleven parking spaces and one drive-in bay are available. The building's prime location offers excellent visibility and accessibility, being seconds from the freeway and surrounded by restaurants and shopping, ensuring high traffic counts. While lacking elevators, this Class C property is ideal for businesses seeking a centrally located, adaptable space. Two suites are available within the building.

    Property Features for 323 Mcdowell Rd

    General Information

    Property type
    Industrial properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,310 SF
    Class
    C
    Total Rate
    10355.83

    Building Details

    Year Built
    1926
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    331 W McDowell Rd
    Size
    5,800 SF
    Rate per SF
    $17
    Space
    323 W McDowell Rd
    Size
    750 SF
    Rate per SF
    $17

    HighLights

    • Ample reserved parking available for both spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NOVUS REALTY AGENCY Real Estate Agency I Ride I ... Recycling Center Arturo Galvez, Novus ... Real Estate Agent HireQuest Direct of Phoenix Temp Agency Agenda Nacional Radio Broadcaster

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.07929373244
    Latitude
    33.465869519909

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    FAQs

    What type of property is this?
    Industrial property - 7,310 SF Office/Retail, High Visibility
    Where is this industrial property located?
    The property is located at 323 Mcdowell Rd Phoenix, AZ.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Ample reserved parking available for both spaces.; ;
    Request Owner's contact information
    323 Mcdowell Rd Phoenix, AZ 85003
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    Phoenix, AZ 85003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    323 Mcdowell Rd Phoenix, AZ 85003
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