3008 3rd St, Phoenix, AZ 85012-3002
- Assisted living facilities
- 33,108 SF
- 1.80 lot acres
Current Use by Public Records
- Ivy K. Radciffe, APN / Physician
- Dr. Lanita A. Morrison, DMD / Dental Office
- Ali Hariri / Dental Office
Property Details for 3008 3rd St
- Year built
- 1975
- Construction
- STEEL FRAME
- Lot size
- 1.80 lot acres
- Zone code
- P-1
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 118-35-156
- APU
- 11835156
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 21, 2025 | $9,500,000 | Navajo Nation Of Indians | 3008 N 3rd Street LLC | Warranty Deed | — |
| Jul 21, 2023 | $7,000,000 | Grand Canyon Development Holdings L | Menlo Realco Az Capstone LLC | Trustees Deed · related | — |
| Mar 12, 2020 | — | Menlo Realco Az Capstone LLC | Menlo Realco Az Capstone LLC | Quit Claim Deed · related | $2.1M · Grand Canyon Dev Hldgs 2 LLC |
| Feb 16, 2012 | $2,350,000 | Menlo Realco Az Capstone LLC | Capstone Dev LLC | Grant Deed | $11M · Grand Canyon Dev Holdings 2 Ll |
| May 24, 2007 | — | Capstone Dev LLC | Owner Name Unavailable | Grant Deed · related | — |
| Mar 22, 2007 | — | Capstone Dev LLC | Heritage Office One | Quit Claim Deed · related | — |
| Dec 1, 2005 | $2,950,000 | Capstone Dev LLC | Sasinowski Trust | Trustees Deed | $2.1M · Sterling Bank |
| Nov 21, 2002 | $2,300,000 | Sasinowski,tr | Presson Advisory LLC | Grant Deed | $1.7M · Union Central Life Insurance |
| Dec 20, 1995 | $1,510,661 | L & L Holdings Ltd | Medical Center Group | Trustees Deed · related | — |
| — | — | Presson Advisory LLC | — | Deed Of Trust · related | $1.2M · Standard Moratgage Investors |
Description
This exceptional 37,078 square foot medical office building, situated on a 1.8-acre lot in Phoenix, Arizona (APN 118-35-156), presents a unique owner-user investment opportunity. The Class B property, built in 1975 and extensively renovated in 2016, features 46 individual patient rooms with a potential for 92 beds with double occupancy. The building boasts a comprehensive array of amenities including a physical therapy center complete with a pool, and a full commercial kitchen. Zoned R-5, this three-story building offers significant potential for a variety of medical uses. Its prime location in Phoenix, within five miles of nine hospitals, ensures high visibility and accessibility. The property's Matterport 3D virtual tour provides a comprehensive view of the facility's layout and condition. This is a rare opportunity to acquire a well-maintained, established medical facility in a thriving healthcare market. The property is for sale by owner.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,831,000
- AI Estimate
- $10,831,000
Market price range: $4.37M - $10.8MMarket price range: $4.29M - $10.8M -
Alternative Use
- Use
- Estimation
- HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
- $7,500,000 Current use
- AUTO REPAIR, GARAGE
- $13,990,000 Change: +87% Conversion: Difficult
- RETAIL STORES
- $9,865,000 Change: +32% Conversion: Difficult
- MEDICAL BUILDING
- $8,790,000 Change: +17% Conversion: Difficult
- WAREHOUSE, STORAGE
- $8,595,000 Change: +15% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $8,425,000 Change: +12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.07
- Latitude
- 33.4826
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
