8211 48Th St Phoenix, AZ 85044

This exceptional two-story, 56,680-square-foot office building presents a compelling vacant value-add or owner-user opportunity in Phoenix, Arizona. Located on a prime 4.2-acre site, this 1999-built asset boasts high-quality construction and a desirable location with easy access to Interstate 10 and other major highways, offering convenient access to both the affluent Ahwatukee neighborhood and a large labor pool. The building features multiple access points, a central elevator and restroom corridor, and an open lobby area providing floor plate flexibility. The interior includes conference rooms, perimeter offices, and expansive open areas with abundant natural light. Ample parking is provided with a 4.46 per 1,000 square foot ratio, totaling approximately 253 spaces, including 77 covered stalls, accessible from South 48th Street and Pointe Parkway West. The property's proximity to the Baseline Road and I-10 interchange, along with Loop 202, State Route 143, and US 60, ensures easy access to downtown Tempe, Arizona State University, Sky Harbor International Airport, and downtown Phoenix. Nearby amenities include a Fry's grocery-anchored retail center, numerous retail options, Arizona Mills Mall, and South Mountain Park and Preserve, offering a vibrant mix of local conveniences and recreational opportunities. The asking price is $5,951,400, translating to $105 per square foot, well below replacement cost. The property is zoned C-O PCD.