5501 N 19Th Ave, Phoenix, AZ 85015
- Medical Office Space
- 1.98 lot acres
Current Use by Public Records
- Sonora Dental Group / Dental Office
- Desert Star Institute for Family Planning, Inc / High School / Vocational School
- AZ Clinical Services / Drug Testing Service
- Desert Star Institute for Family Planning - Phoenix / Birth Control Center / Family Planning Center
- Carmen Duarte / Physician
Property Details for 5501 N 19Th Ave
- Lot size
- 1.98 lot acres
- Zone code
- C-T
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 156-35-045
- APU
- 15635045
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 18, 2016 | $3,200,000 | Robert C Penney | Parkwood Coml Props LLC | Grant Deed | — |
| Mar 18, 2016 | — | Parkwood LLC | Penney,robert C | Grant Deed · related | — |
| Oct 21, 2008 | — | Parkwood Professional Plaza Ll | Owner Name Unavailable | Grant Deed · related | — |
Description
This four-story, 73,532 square foot medical office building in Phoenix, Arizona, presents a compelling value-add investment opportunity. Located at 5501 N 19th Ave, 85015, in Maricopa County, this Class B property boasts 29 units across 16 tenancies, currently operating at 51% occupancy. Built in 1985 and renovated in 2022, the building features a gross lease structure and is zoned C-O. The asking price is $8,456,180, translating to $115 per square foot. Key features include secure underground parking, a drive-through drop-off, and ample visitor parking. Its location within an Opportunity Zone offers significant tax advantages. The property benefits from proximity to the Metro Light Rail and Christown Spectrum Mall, poised for future growth and redevelopment. The potential for future condo sales to owner-users or investors seeking cash flow further enhances its investment appeal. The building's unique garden office design, along with the potential for parking expansion in an adjacent lot, adds to its overall attractiveness. This property offers a rare combination of established infrastructure, modern updates, and significant upside potential in a thriving Phoenix location.
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.099
- Latitude
- 33.5172
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
