7236 Central Ave Phoenix, AZ 85042-5425
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.
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Dr. Douglas S. Ray, MD Pediatrician Physician
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Cigna Medical Group Pharmacy Pharmacy
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Dr. Susan M. Hallman, MD Physician
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Akosua Mensah Physician
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Evernorth Care Group 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
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.