For Lease
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Property summary
This exceptional three-story, 14,275 square foot office building presents a unique owner-user opportunity in the heart of Downtown Phoenix. Built in 2006 and extensively renovated in 2022, the property boasts a Class A designation and is currently vacant, offering a blank canvas for customization. The building features robust block construction, extensive glass curtain walls, and welcoming skylights, creating a modern and functional workspace. Its thoughtful design, previously used as an educational facility, includes an elevator, a fully equipped kitchen, a spacious reception area, and numerous versatile bullpen and office spaces. The property benefits from a prime location at 1301 E Almeria Rd, Phoenix, AZ 85006, just a quarter-mile from I-10 and 1.5 miles from SR-51, offering excellent freeway access. With a parking ratio of approximately 0.91 spaces per 1,000 square feet, ample parking is available. The R-5 zoning allows for a wide range of uses, including schools, adult day care centers, birthing centers, general office space, boarding houses, biomedical and medical research offices, group homes, hospice facilities, nursing homes, medical centers, and wellness centers. The asking price is $3,250,000, translating to $227.67 per square foot. This property's strategic location within an Opportunity Zone provides potential tax advantages, making it an attractive investment. The APN is 17-24-078A.
Property profile
VerifiedCap rate & NOI
Current use
-
High School
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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