Address
124 W MCDOWELL Road, Phoenix, AZ
Price
$ 1,400,000
Property Attributes
  • MLS#6644302
  • TypeCommercial
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodNORTH CHELSEA
  • Zip85003
  • StyleComm/Industry Sale
  • Year Built1968
  • Taxes$ 5784
  • Price$ 1,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6390
  • Lot Size0.22 Acres
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Midtown Phoenix location, location, location! Rare free standing office situated on 9,538sf Commercial Downtown zoned lot! No HOA! Mid-century modern property, designed by iconic architect Al Beadle, offers a unique opportunity for investors seeking a premium office location with high visibility and accessibility. Boasting 6,390 sf the property offers a versatile layout that can accommodate a variety of business concepts. Floor plan features 8 offices, full kitchen, covered patio, storage, and media room with one of the largest cyclorama walls in Arizona. McDowell frontage properties rarely trade! 116 W McDowell Rd sold for $2.06m($352/sf) in 2016, NEC 7th Ave & McDowell Rd sold for $11m($509/sf) in 2023! 1425 N 1St St sold for $2.25($325/sf) in 2023 and it's not even McDowell frontage!!

Price History
12/30/2023 Listed $1,695,000
2/2/2024 6% - $1,600,000
2/14/2024 13% - $1,400,000

General Features

Sewer Public Sewer
Heating Electric,Natural Gas
Cooling Heat Pump,Office A/C
Roof Foam
Zoning MCD-1; C-DT
Construction Materials Block
Year Built 1968
Electric 220 Volts,Master Meter,APS
Township 2N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 0.0
Business Type See Remarks,Office,Medical/Dental,Service Business
County Maricopa
Net Operating Income 0.0
Operating Expense 5784.0
Property Type Comm/Industry Sale
Attached Garage No
Subdivision Name NORTH CHELSEA
Building Features Conference Room,Reception Room,Showroom,Kitchen,Fiber Optic Availble,Skylight(s)
Status Active
City Phoenix
Buyer Agent Compensation 3.00
Disclosures ALTA Survey Availbl
View Y/N No
Open Parking Spaces 5.0
Lot Size Units Square Feet
Lot Size Square Feet 9538.0
Carport Y/N No
Street Name MCDOWELL
Tax Annual Amount 5784.0
Lease Renewal Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 144
Structure Type Other (See Remarks),Commercial,Industrial,Office,Distribution/Warehse
Standard Status Active
Occupancy Type Owner
Tax Lot 94
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Wood,Concrete
Street Suffix Road
Electric On Property Y/N No

Exterior Features

Fencing Chain Link
Parking Features Paved Parking,Private Parking
Water Source City Franchise,Master Meter
Total Parking 10.0
Lot Size Area 9538.0
Number of Buildings 1
Spa No
Lot Size Acres 0.22
Road Surface Type Asphalt,Dedicated Street,Concrete,Curb(s) & Gutter(s),Sidewalk(s),Alley
Covered Spaces 5.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 85003

Price
AVG $1.7M
$1.4M
Taxes
AVG $11,208
$5,784
Visits
AVG 160
164
Data Provided by Inside Real Estate®
Year Built
AVG 1942
1968

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