2225 Peoria AvePhoenix, AZ 85029

This exceptional two-story medical office building, totaling 56,042 square feet, presents a compelling owner-user investment opportunity in Phoenix, Arizona. Located at 2225 W Peoria Ave, 85029, this property boasts a prime location, just 0.25 miles east of the full diamond interchange at W Peoria Ave and I-17 Freeway, ensuring high visibility and accessibility. The building sits on a 3.99-acre lot and features 278 parking spaces, ample for tenants and staff. Currently housing five tenants with 57.93% occupancy, this presents a significant value-add opportunity for an investor seeking to increase occupancy and rental income. Built in 2001, the building is zoned A-1, City of Phoenix. The property benefits from high traffic counts (34,526 vehicles daily on W Peoria Ave) and proximity to major developments, including the massive redevelopment of Metro Center Mall and the under-construction $40 billion Taiwan Semiconductor Manufacturing plant (15 minutes south). The asking price is $7,500,000, translating to $133.83 per square foot, making it an attractive investment priced below replacement cost. This property offers a unique blend of immediate income generation and long-term growth potential, ideal for a company seeking to establish a significant presence in the thriving Phoenix market. The property's strategic location and substantial size provide excellent expansion capabilities for an owner-user, while the existing tenancy offers immediate cash flow.