$1,630,000
Phoenix, AZ 85008
MLS# 6586043
Status: Closed
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Property Description
Great opportunity to own two Flex commercial buildings that front McDowell Road with a combined total of 8,848 sf. The property is ideal for a fractional owner user or as an investment. The large building has 2 stories and currently consists of 90% office space and 10% warehouse. There is 22' clearance height in the warehouse with a grade level roll up door plus a mezzanine for extra storage. It is fully occupied with 2 tenants in place. One lease is until December 2024 and the other is month to month. Value add property. Potential uses include but not limited to the following: Executive office suites, Medical offices, Warehouse, Distribution , Assisted living, R&D, Retail, Church, Vocational School and more.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,630,000
Sold Price: $1,630,000
Status: Closed
List Date: 2023-07-20
Location, Tax & Legal
Assessor's Map #: 77
Legal Description (Abbrev): DEL REY MCR 14/5 LOT 11 EX S 155.05F TH/OF & EX E 50F TH/OF & EX N 7F RD
Assessor's Parcel #: 1
Assessor Parcel Ltr: D
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 113501
Taxes: 8658
Legal: DEL REY MCR 14/5 LOT 11 EX S 155.05F TH/OF & EX E 50F TH/OF & EX N 7F RD
Marketing Name: Office-Flex Buildings
House Number: 2641
Compass: E
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 3641
County Code: Maricopa
Subdivision: DEL REY LOTS 101-140
Assessor Number: 121-77-001-D
Tax Year: 2022
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 8848
# of Buildings: 2
Uncvrd Parking Spcs: 29
Lot Size Dimensions: 120'X253'
Year Built: 1960
Zoning: C-2
Legal Info
Range: 3E
Section: 2
Township: 1N
Lot Number: 11
Construction
Block: 1
Tilt-Up: 1
Stucco: 1
Wood Frame: 1
Roofing
Built-Up: 1
Concrete: 1
Floors
Concrete: 1
Ceramic Tile: 1
Bay Info
# of Bays: 1
# of Bay Doors: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8658
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Office: 1
Distribution/Warehouse: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Religious Facility: 1
Professional/Office: 1
Warehouse: 1
Retail: 1
Wholesale: 1
Stories
2 Stories: 1
Pmt & Rate Info
Cap Rate: 5.36
Equity: 1890000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8 Feet or Less: 1
8.1 Feet to 10 Feet: 1
16.1 Feet to 28 Feet: 1
Heating
Natural Gas: 1
Warehouse Heated: 1
Cooling
Central Air: 1
Warehouse Evap: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Private Restrooms: 1
Loading Facilities
Dock High: 1
Grade Level: 1
Drive-in Door(s): 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Landscaping: 1
Building Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Chain Link: 1
Water Source
City Franchise: 1
Building Features
Conference Room: 1
Reception Room: 1
Cafeteria: 1
Kitchen: 1
Fiber Optic Availble: 1
Skylight(s): 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: E. McDowell and N. 27th Street
Directions: Corner of E. McDowell and N. 27th Street.
Geo Lat: 33.465476
Geo Lon: -112.024127
Status Change Info
Off Market Date: 2024-03-01
Under Contract Date: 2023-11-16
Close of Escrow Date: 2024-02-29
Sold Price: $1,630,000
Income Expenses
Net Operating Income: 101315
Property Features
Building Type: Commercial; Office; Distribution/Warehouse; Other (See Remarks)
Business Type: Mixed; Religious Facility; Professional/Office; Warehouse; Retail; Wholesale
Stories: 2 Stories
Construction: Block; Tilt-Up; Stucco; Wood Frame
Roofing: Built-Up; Concrete
Floors: Concrete; Ceramic Tile
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet
Heating: Natural Gas; Warehouse Heated
Cooling: Central Air; Warehouse Evap
Loading Facilities: Dock High; Grade Level; Drive-in Door(s)
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign
Fencing: Block; Chain Link
Building Features: Conference Room; Reception Room; Cafeteria; Kitchen; Fiber Optic Availble; Skylight(s)
Parking Features: Private; Paved
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Environmental: None
Supplements
Centrally located in Phoenix on the corner of E. McDowell Road and N. 27th Street.
Close proximity to Phoenix Sky Harbor Airport, Downtown Phoenix, Arcadia, Scottsdale, Downtown Tempe, Downtown Phoenix with great dining and entertainment optiions... all within 10 minutes drive!
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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