1040 Mcdowell Rd Phoenix, AZ 85006-2622

Property Details for 1040 Mcdowell Rd

Year built

1993

Construction

CONCRETE

Lot size

2.84 lot acres

Property size

19,742 SF

Zone code

P-1

Property type

Medical offices

Property subtype

Medical centers

APN

117-25-178

APU

11725178

Description

This exceptional Class A retail and restaurant property, totaling 5,600 square feet, presents a unique investment opportunity in the heart of Downtown Phoenix. Ideally situated directly across from the 755-bed Banner University Medical Center (formerly Banner Good Samaritan Medical Center), this location offers unparalleled access to a substantial and consistent customer base. The property, built in 1964 and extensively renovated in 2025, features three available suites, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 5,600 square feet. This allows for flexibility to accommodate a variety of restaurant concepts, from quick-service to full-service dining establishments. The building sits on a prominent corner lot at the intersection of McDowell Road and Dayton Street, providing excellent visibility and accessibility. To enhance parking and potentially allow for outdoor patio space, a neighboring smaller building will be removed as part of the adaptive reuse plan. This is a rare chance to establish a thriving business in a high-traffic area with a guaranteed flow of customers from the adjacent medical center and the surrounding vibrant Downtown Phoenix community. The single-story building offers convenient access for both customers and staff. This prime location, coupled with the recent renovations, ensures a modern and attractive space ready for immediate occupancy.