7236 Central Ave, Phoenix, AZ 85042-5425
- Medical Office Space
- 9,957 SF
- 2.40 lot acres
Current Use by Public Records
- Dr. Douglas S. Ray, MD / Pediatrician / Physician
- Cigna Medical Group Pharmacy / Pharmacy
- Dr. Susan M. Hallman, MD / Physician
- Akosua Mensah / Physician
- Evernorth Care Group / Medical Clinic
Property Details for 7236 Central Ave
- Year built
- 1987
- Lot size
- 2.40 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 114-14-003A
- APU
- 11414003A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 8, 2025 | — | 7236 South Central Avenue LLC | — | Deed · related | $3.6M · Bank Of America NA |
| Dec 19, 2024 | — | Centria Healthcare LLC | 7236 South Central Avenue LLC | Deed | — |
| Dec 16, 2024 | $1,749,637 | 7236 South Central Avenue LLC | Cigna Healthcare Of Arizona INC | Special Warranty Deed | $3.5M · Bcl Cre 3 LLC |
Description
This exceptional ±10,456 square foot medical office building is situated on a substantial 2.4-acre lot at 7236 S Central Ave in Phoenix, Arizona, 85042. The single-story, single-tenant building, constructed in 1987 and renovated in 1987, offers ample space for a variety of medical practices. The property features approximately 7 parking spaces per 1,000 square feet, ensuring convenient access for patients and staff. The interior is well-appointed with existing clinical space, administrative offices, and a retail pharmacy. The building is zoned C-3 by the City of Phoenix, providing flexibility for future uses. Its prime location on a major thoroughfare provides high visibility and benefits from proximity to the soon-to-be-accessible Valley Metro Rail. This property is strategically located within the South Mountain Village and falls within a designated Opportunity Zone, presenting attractive investment potential. The asking price is $460,064, translating to $44 per square foot. The property's APN is 114-14-003A. This is a rare opportunity to acquire a well-established medical office building in a thriving Phoenix location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,750,000
- ML approach
- $1,750,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,365,000
- 6.5%
- $2,185,000
- 7%
- $2,030,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,645,000 Current use
- WAREHOUSE, STORAGE
- $2,585,000 Change: -2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,535,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.074
- Latitude
- 33.3802
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
