320 Indian School RdPhoenix, AZ 85013

Property Details for 320 Indian School Rd

Year built

1956

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

2,096 SF

Zone code

C-1

Property type

Healthcare properties

Property subtype

Medical offices

APN

155-32-062

APU

15532062

Description

This exceptional 2,100-square-foot medical office building presents a unique owner-user opportunity in the highly desirable Midtown Phoenix area. Located at 320 W Indian School Rd, Phoenix, AZ 85013, this Class B property sits on a substantial 13,185-square-foot lot (APN 155-32-062 and 063) and benefits from ample on-site parking. The building's zoning is C-1, allowing for a variety of uses. Its prominent corner location offers excellent visibility and accessibility. The property is currently configured as a medical office, making it ideal for a medical practice seeking a move-in ready space. However, the substantial lot size and prime location also present significant potential for future development, capitalizing on the ongoing and planned redevelopment in the surrounding area. This is a rare chance to acquire a property suitable for immediate use and long-term growth in a rapidly evolving neighborhood. The entire 2,100 square feet is net rentable. This offering represents a compelling investment opportunity for both owner-occupiers and investors seeking a strong foothold in the thriving Phoenix market. The property's two-lot composition further enhances its development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $463,124

  6.5%

  $427,499

  7%

  $396,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $323,098

  Geo Method

  $323,098

• Alternative Use

  Use

  Valuation

  Residential

  $530,099

  Hospitality

  $485,568

  Educational

  $403,987

  Medical

  $417,881

  Retail

  $628,424

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4951

Longitude

-112.079

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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