4801 E Mcdowell Rd 255 Phoenix, AZ 85006
For Sale
1 / 5
This 1,482 square foot office condominium, located at 4801 E McDowell Rd, Phoenix, AZ 85008, is a mixed-use property perfect for owner-users. Recently renovated in 2023 with $1.5 million in upgrades, including a new roof, HVAC system, and parking lot, this unit boasts a modern design within a timeless mid-century modern building. The building itself totals approximately 21,884 square feet and features a multi-tenant layout, ideal for both medical and creative office uses. Situated in a prime location at the intersection of 48th Street and McDowell Road, the property offers excellent visibility and convenient access to major freeways. Its proximity to six hospitals within a six-mile radius makes it particularly attractive for medical professionals. The C-2 zoning permits a variety of uses. Built in 1982, this unit offers an updated space with modern amenities. The average suite size in the building is approximately 3,126 square feet, making this a cost-effective option for smaller tenants. This is an exceptional opportunity to own a piece of Phoenix's thriving business district. The asking price is $392,730.
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Starmaker Models Talent Marketing & Advertising Employment Agency
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Omni Dermatology, Inc. Physician Medical Clinic
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Jeffrey Dickman, DO Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Phoenix, AZPhoenix. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.