2202 7Th StPhoenix, AZ 85004

Property Details for 2202 7Th St

Year built

1966

Construction

CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

1,484 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

118-53-084A

APU

11853084A

Description

This exceptional 1,498 square foot freestanding medical office building in Phoenix, Arizona, presents a unique investment opportunity. Located at 2202 N 7th St, this single-tenant property boasts a complete dental build-out, ready for immediate occupancy. The space includes one operatory room, three dental chairs, and existing imaging equipment, along with office furniture, significantly reducing start-up costs for a new practice. Built in 1966, the single-story building offers ample parking with an above-average ratio of 6.7 spaces per 1,000 square feet, including four standard spaces and one handicapped-accessible space. The property's strategic location provides convenient access to major medical facilities, including Banner University Medical Center, St. Joseph's Hospital & Medical Center, Phoenix Children's Hospital, and Abrazo Arizona Heart Institute, without any on-campus use restrictions. This presents a significant advantage for attracting patients and establishing a thriving medical practice. The property is situated in Maricopa County and offers a turnkey solution for dentists or other medical professionals seeking a well-equipped and conveniently located office space. The entire 1,498 square feet is currently vacant, allowing for immediate customization and occupancy. This is an excellent opportunity to acquire a fully functional medical office building in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $327,899

  6.5%

  $302,676

  7%

  $281,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $228,759

  Geo Method

  $228,759

• Alternative Use

  Use

  Valuation

  Residential

  $375,318

  Hospitality

  $343,790

  Educational

  $286,029

  Medical

  $295,866

  Retail

  $444,934

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4714

Longitude

-112.065

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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