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365 E Coronado Rd 6,700 SF Vacant Office Building Phoenix, AZ 85004 $1,600,000 ($238.81/SF)
INVESTMENT HIGHLIGHTS
- Located in Midtown Phoenix near Central Ave and 7th Street.
- Interior in excellent condition with potential for move-in readiness.
- Surrounded by professional tenants including legal, medical, and nonprofit groups.
- Freestanding office building with monument signage.
- Priced below replacement cost, offering savings on tenant improvements.
EXECUTIVE SUMMARY
This is an investment or owner-user opportunity to acquire a freestanding office building in Midtown Phoenix. The property is offered at $1,600,000, which equates to $238.81 per square foot—below current replacement costs. Buyers may benefit from significant savings on tenant improvements if the existing layout aligns with their operational needs. The inclusion of nine covered reserved parking spaces adds monthly value, with estimated savings of nearly $400/month based on local parking rates. The building’s location between Central Avenue and 7th Street provides access to a vibrant mix of professional services and proximity to major thoroughfares and Sky Harbor International Airport.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,700 SF
Building Class
B
Year Built
1985
Price
$1,600,000
Price Per SF
$238.81
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,350 SF
Building FAR
0.64
Lot Size
0.24 AC
Zoning
C-T - C-T
Parking
19 Spaces (2.84 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 118-54-031B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $120,159 |
PROPERTY TAXES
Parcel Number
118-54-031B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$120,159
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365 E Coronado Rd
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