5115 Central Ave, Phoenix, AZ 85012-1478
This exceptional 6,648-square-foot freestanding medical office building is ideally situated at 5115 N Central Ave in Phoenix, Arizona, within Maricopa County. Currently vacant, this Class B property presents a unique opportunity for a single tenant seeking a prominent location. The building boasts convenient drive-up patient access, ensuring ease of use for patients and staff. Its prime location just north of Uptown Plaza provides immediate access to a variety of amenities, including numerous shops and restaurants within walking distance, enhancing both patient and staff convenience. The property's former use as a surgery center makes it particularly well-suited for medical practices or ambulatory surgery centers. The building offers excellent visibility with monument signage available, ensuring high brand recognition. Furthermore, existing plans for an ASC buildout are available to the new owner, streamlining the process of adapting the space to specific needs. This is a rare opportunity to acquire a fully vacant, well-located medical office building in a thriving area of Phoenix. The property's size and features make it an ideal space for a medical practice seeking a high-profile location with convenient access and ample amenities nearby. The zip code is 85012.
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Herro Ellison F MD Physician
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Herro Medical Center Physician
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Allergy Affiliated Medical Clinic
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Surgi-Care Medical Clinic Hospital
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.