1620 48th St Phoenix, AZ 85008-7723
- Assisted living facilities
- 6,233 SF
- 0.47 lot acres
Jun 18, 2021
Current Use by Public Records
- Serenity House / Hospice
- Michele Bishop, PHD / Psychologist
- Nana Hope Hospice / Hospice
- Emily Barba / Psychologist
- Nikitshia Corzo / Psychologist
Property Details for 1620 48th St
- Year built
- 2002
- Construction
- CONCRETE
- Lot size
- 0.47 lot acres
- Property size
- 6,233 SF
- Zone code
- C-2
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 126-10-125D
- APU
- 12610125D
Description
This exceptional Class A medical office building, totaling 6,233 square feet, presents a unique investment opportunity in Phoenix, Arizona. Situated on a 27,443 square foot lot at 1620 N 48th St, 85008, this single-story building boasts 8 ensuite residential care rooms with potential for expansion to 10 rooms. Built in 2002 and renovated in 2019, the property features five private offices, two conference rooms, two nursing stations, a kitchen, walk-in pantry, laundry facilities, public restrooms, a foyer, and a large central great room with a dining area. The property includes 20 parking spaces, including covered options, and benefits from its location adjacent to the Old Crosscut Canal green belt. Currently operating at 100% occupancy under a NNN lease (expiring 09/30/2024), this sale-leaseback opportunity offers a strong return on investment. The lease is currently being written to an entity related to the owners
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.979
- Latitude
- 33.4664
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
