4001 24Th St Phoenix, AZ 85016
This exceptional 2,729 square foot office building is ideally situated in Phoenix's coveted Biltmore Corridor at 4001 N 24th Street, offering convenient access to major thoroughfares. Built in 1960 and boasting a desirable M-h zoning permit (APN 119-04-040), this vacant property presents a unique owner-user opportunity. The building is strategically located just off 24th Street and Indian School Road, less than a mile from the SR-51 freeway, providing effortless commutes to Midtown, Downtown Phoenix, Scottsdale, and Tempe. The property features prominent monument signage, enhancing visibility and brand recognition. Currently configured as a traditional office space, it offers considerable flexibility for adaptation to various uses, including potential conversion to a medical office. The asking price is $1,295,000, translating to $474.53 per square foot. This presents a compelling investment opportunity in a high-demand location. An adjacent property at 2405 E Fairmount is also available for purchase.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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