116 W McDowell Rd | 116 W McDowell Rd
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116 W McDowell Rd 116 W McDowell Rd
6,883 SF 3% Leased Office Building Phoenix, AZ 85003 $1,975,000 ($287/SF)
Investment Highlights
- ±6,665 of Creative Office Space
- Easy Access off of McDowell Rd
- Renovated in 2023
- ±0.22 Acres of Land
- Owner-User/ Live Work Opportunity
Executive Summary
SVN Desert Commercial Advisors, as the sole representative of the Owner, is proud to present for sale 116 W McDowell Rd. The subject property consists of a distinctive two-story creative office building spanning ±6,665 SF on a ±0.22- acre parcel. The property features a versatile layout including a basement, a dedicated office level with a mezzanine, and an exclusive penthouse residential unit. Currently, there is a tenant who plans to vacate upon the sale of the building, which presents an opportunity for an owner-user/ live-work scenario. With modern finishing, this building allows for a variety of uses for this space and provides a great location that is located in the urban, walkable Downtown Phoenix.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,883 SF
Building Class
B
Year Built
2007
Price
$1,975,000
Price Per SF
$287
Percent Leased
3%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,294 SF
Building FAR
0.72
Lot Size
0.22 AC
Zoning
DTC- McDowell Corridor - Commercial
Parking
12 Spaces (1.74 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 118-56-126 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $141,478 |
PROPERTY TAXES
Parcel Number
118-56-126
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$141,478
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116 W McDowell Rd | 116 W McDowell Rd
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