7236 Central AvePhoenix, AZ 85042

Property Details for 7236 Central Ave

Year built

1987

Lot size

2.40 AC

Property size (Sq ft)

9,957 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

114-14-003A

APU

11414003A

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,549,376

  6.5%

  $1,430,193

  7%

  $1,328,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,534,872

  Geo Method

  $1,534,872

• Alternative Use

  Use

  Valuation

  Residential

  $1,773,440

  Hospitality

  $1,624,461

  Educational

  $1,351,533

  Medical

  $1,398,014

  Retail

  $2,102,384

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.3802

Longitude

-112.074

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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