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Investment Highlights

  • Prominent South 40th Street frontage offers excellent visibility and dedicated building signage opportunities.
  • Convenient access to Loop 202 Freeway ensures swift connectivity for patients and staff.
  • Parking ratio of 4.17 per 1,000 SF supports patient and employee convenience.
  • Approximately 2,178 SF layout includes eight private rooms, two restrooms, and a kitchen, optimized for medical functionality.
  • Zoned C-T, allowing adaptable professional and medical occupancy.
  • Surrounded by strong demographics and well-developed amenities, fostering business growth potential.

Executive Summary

A medical office condominium located at 16515 S 40th Street in Phoenix, AZ. The suite encompasses 2,178 SF and was built in 2005. It has frontage along South 40th Street and is accessible from the Loop 202 Freeway. The layout includes multiple private offices, a reception area, a kitchen, and restrooms. Onsite parking provides a ratio of 4.17 spaces per 1,000 SF. The property is zoned C-T and positioned within an established commercial corridor.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 131
  • 2,178 SF
  • Office/Medical
  • $765,000 ($351.24/SF)
  • -
Sale Type Investment or Owner User
Sale Notes
This medical office condo offers a superb owner/user opportunity in a well-established commercial corridor of Phoenix. Encompassing approximately 2,178 SF, the property is designed for medical or professional use, featuring a thoughtful layout that prioritizes patient flow and operational efficiency. The interior includes a welcoming reception and waiting room, eight private offices suitable as treatment or consultation rooms, two restrooms, and a dedicated kitchen area.
The site benefits from zoning classified as C-T, supporting a wide range of professional applications. With prominent South 40th Street frontage, the property ensures exceptional visibility and signage opportunities. Accessibility is a key feature, with direct connections to the Loop 202 Freeway, reducing travel time for patients and staff. A parking ratio of 4.17 spaces per 1,000 SF provides ample convenience, and the neighborhood’s robust demographics, including a high household income within a one-mile radius, further strengthen the property’s value for long-term business stability. This asset combines flexible use with location advantages, making it an excellent fit for medical practices, wellness services, or general professional occupants seeking ownership in a thriving market.
Unit Unit Size Condo Use Price NOI
Unit 131 2,178 SF Office/Medical $765,000 ($351.24/SF) -

Unit 131

Unit Size
2,178 SF
Condo Use
Office/Medical
Price
$765,000 ($351.24/SF)
NOI
-

Unit 131

Unit Size 2,178 SF
Condo Use Office/Medical
Price $765,000 ($351.24/SF)
NOI -
Sale Type Investment or Owner User
Sale Notes
This medical office condo offers a superb owner/user opportunity in a well-established commercial corridor of Phoenix. Encompassing approximately 2,178 SF, the property is designed for medical or professional use, featuring a thoughtful layout that prioritizes patient flow and operational efficiency. The interior includes a welcoming reception and waiting room, eight private offices suitable as treatment or consultation rooms, two restrooms, and a dedicated kitchen area.<br> The site benefits from zoning classified as C-T, supporting a wide range of professional applications. With prominent South 40th Street frontage, the property ensures exceptional visibility and signage opportunities. Accessibility is a key feature, with direct connections to the Loop 202 Freeway, reducing travel time for patients and staff. A parking ratio of 4.17 spaces per 1,000 SF provides ample convenience, and the neighborhood’s robust demographics, including a high household income within a one-mile radius, further strengthen the property’s value for long-term business stability. This asset combines flexible use with location advantages, making it an excellent fit for medical practices, wellness services, or general professional occupants seeking ownership in a thriving market.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 4,075 SF
Property Type Office (Condo)
Building Class B
Floors 1
Typical Floor Size 4,075 SF
Year Built 2005
Lot Size 0.26 AC
Parking Ratio 4.17/1,000 SF
Zoning C-T

Amenities

  • Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40571123

  • Date on Market: 5/18/2026

  • Last Updated:

  • Address: 16515 S 40th St, Phoenix, AZ 85048

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