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McDowell East Office Building 4801 E McDowell Rd 1,182 - 9,681 SF of Office/Medical Space Available in Phoenix, AZ 85008
Highlights
- $1.5M renovation completed in 2023 including HVAC, roof, and TI
- Surrounded by six hospitals within a six-mile radius
- Positioned near Camelback Corridor, Tempe, and Scottsdale
- Located at the intersection of 48th Street and McDowell Road
- Parking easement adds 35 spaces through 2037
- Transit-oriented with access to seven freeways and SR-143
All Available Spaces(5)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
1,515 SF available
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 13 People
- Central Air Conditioning
- Open Floor Plan Layout
- Space is in Excellent Condition
1,482 SF available
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 12 People
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Open Floor Plan Layout
- Space is in Excellent Condition
- Central Air Conditioning
2,354 SF available
- Lease rate does not include utilities, property expenses or building services
- Fits 6 - 19 People
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Open Floor Plan Layout
- Space is in Excellent Condition
- Central Air Conditioning
1,182 SF available
- Lease rate does not include utilities, property expenses or building services
- Fits 3 - 10 People
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Open Floor Plan Layout
- Space is in Excellent Condition
- Central Air Conditioning
3,148 SF available
- Lease rate does not include utilities, property expenses or building services
- Fits 8 - 26 People
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Open Floor Plan Layout
- Space is in Excellent Condition
- Central Air Conditioning
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 2nd Floor, Ste 200 | 1,515 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $24,240 /YR $2,020 /MO | Office/Medical | Partial Build-Out | Now |
| 2nd Floor, Ste 250 | 1,482 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $23,712 /YR $1,976 /MO | Office/Medical | Partial Build-Out | Now |
| 2nd Floor, Ste 255 | 2,354 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $37,664 /YR $3,139 /MO | Office/Medical | Partial Build-Out | Now |
| 2nd Floor, Ste 260 | 1,182 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $18,912 /YR $1,576 /MO | Office/Medical | Partial Build-Out | Now |
| 2nd Floor, Ste 275 | 3,148 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $50,368 /YR $4,197 /MO | Office/Medical | Partial Build-Out | Now |
2nd Floor, Ste 200
| Size |
| 1,515 SF |
| Term |
| Negotiable |
| Rental Rate |
| $16.00 /SF/YR $1.33 /SF/MO $24,240 /YR $2,020 /MO |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor, Ste 250
| Size |
| 1,482 SF |
| Term |
| Negotiable |
| Rental Rate |
| $16.00 /SF/YR $1.33 /SF/MO $23,712 /YR $1,976 /MO |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor, Ste 255
| Size |
| 2,354 SF |
| Term |
| Negotiable |
| Rental Rate |
| $16.00 /SF/YR $1.33 /SF/MO $37,664 /YR $3,139 /MO |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor, Ste 260
| Size |
| 1,182 SF |
| Term |
| Negotiable |
| Rental Rate |
| $16.00 /SF/YR $1.33 /SF/MO $18,912 /YR $1,576 /MO |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor, Ste 275
| Size |
| 3,148 SF |
| Term |
| Negotiable |
| Rental Rate |
| $16.00 /SF/YR $1.33 /SF/MO $50,368 /YR $4,197 /MO |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor, Ste 200
| Size | 1,515 SF |
| Term | Negotiable |
| Rental Rate | $16.00 /SF/YR |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
1,515 SF available
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 4 - 13 People
- Space is in Excellent Condition
- Central Air Conditioning
2nd Floor, Ste 250
| Size | 1,482 SF |
| Term | Negotiable |
| Rental Rate | $16.00 /SF/YR |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
1,482 SF available
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 4 - 12 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Central Air Conditioning
2nd Floor, Ste 255
| Size | 2,354 SF |
| Term | Negotiable |
| Rental Rate | $16.00 /SF/YR |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
2,354 SF available
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 6 - 19 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Central Air Conditioning
2nd Floor, Ste 260
| Size | 1,182 SF |
| Term | Negotiable |
| Rental Rate | $16.00 /SF/YR |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
1,182 SF available
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 3 - 10 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Central Air Conditioning
2nd Floor, Ste 275
| Size | 3,148 SF |
| Term | Negotiable |
| Rental Rate | $16.00 /SF/YR |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
3,148 SF available
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 8 - 26 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,166 SF of adjacent space
- Central Air Conditioning
Property Overview
FORTY EIGHT 01 presents a rare opportunity to acquire a fully renovated, multi-tenant medical office condominium in the heart of Phoenix, Arizona. This ±21,884 SF two-story building underwent a $1.5 million renovation in 2023, including new HVAC systems, roof replacement, tenant improvements, and a refreshed parking lot. The property’s timeless mid-century modern architecture features expansive glass lines, steel walkways, and metal accents, complemented by contemporary landscaping. Strategically located at the intersection of 48th Street and McDowell Road, the site offers exceptional visibility and signage along one of Phoenix’s major thoroughfares. Its proximity to Camelback Corridor, Downtown Tempe, and Old Town Scottsdale places it at the convergence of three of the Valley’s most desirable office submarkets. The building benefits from a transit-oriented location with access to seven freeways within a 10-minute drive and near-immediate airport connectivity via SR-143. The ±1.07-acre site includes 66 on-site parking spaces and an additional 35 spaces via a parking easement valid through December 2037, resulting in a robust ±4.75/1,000 parking ratio. The floor plates average ±3,126 SF, ideal for small tenants, which enhances income stability and reduces tenant improvement costs. With six hospitals located within six miles, the property aligns with the hub-and-spoke healthcare delivery model, making it highly attractive to medical users. This asset is well-positioned for investors seeking stable returns or owner-users looking to establish a presence in a high-demand medical corridor.
- Courtyard
- Signage
- Monument Signage
Property Facts
Select Tenants
- Floor
- Tenant Name
- Industry
- 1st
- A Better Today Recovery Services
- Arts, Entertainment, and Recreation
- 1st
- Omni Dermatology
- Health Care and Social Assistance
- 1st
- Open Cash Inc
- Finance and Insurance
- Multiple
- Phoenix Autism Center
- Health Care and Social Assistance
- 1st
- STI Physical Therapy
- Health Care and Social Assistance
- 1st
- Wellness Ready
- Health Care and Social Assistance
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McDowell East Office Building | 4801 E McDowell Rd
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