4801 Mcdowell RdPhoenix, AZ 85008

Property Details for 4801 Mcdowell Rd

Year built

1982

Construction

CONCRETE

Lot size

1.03 AC

Property size (Sq ft)

9,842 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

125-13-040D

APU

12513040D

Description

This 1,482 square foot office condominium, located at 4801 E McDowell Rd, Phoenix, AZ 85008, is a mixed-use property perfect for owner-users. Recently renovated in 2023 with $1.5 million in upgrades, including a new roof, HVAC system, and parking lot, this unit boasts a modern design within a timeless mid-century modern building. The building itself totals approximately 21,884 square feet and features a multi-tenant layout, ideal for both medical and creative office uses. Situated in a prime location at the intersection of 48th Street and McDowell Road, the property offers excellent visibility and convenient access to major freeways. Its proximity to six hospitals within a six-mile radius makes it particularly attractive for medical professionals. The C-2 zoning permits a variety of uses. Built in 1982, this unit offers an updated space with modern amenities. The average suite size in the building is approximately 3,126 square feet, making this a cost-effective option for smaller tenants. This is an exceptional opportunity to own a piece of Phoenix's thriving business district. The asking price is $392,730.

• CAP approach

  CAP return

  Valuation

  6%

  $2,459,346

  6.5%

  $2,270,165

  7%

  $2,108,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,517,144

  Geo Method

  $1,517,144

• Alternative Use

  Use

  Valuation

  Residential

  $2,815,005

  Hospitality

  $2,578,530

  Educational

  $2,145,306

  Medical

  $2,219,086

  Retail

  $3,337,143

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4651

Longitude

-111.978

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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