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55 E Thomas Rd 17,871 SF Office Building Phoenix, AZ 85012 $3,538,000 ($197.97/SF)
Investment Highlights
- Owner-user or value-add investment with 12,325 sf available on floors 1 & 2
- 1.05-acre parcel with ample surface and covered parking
- Oversized lot with robust parking, including 42 covered spaces
- Currently 100% leased, but tenant will vacate 1st and/or 2nd floor to accommodate user buyer
- Professional curb appeal with efficient, adaptable floor plates
Executive Summary
Positioned along the highly trafficked Thomas Road corridor in Midtown Phoenix, 55 E Thomas Road offers a rare owner-user or value-add investment opportunity with immediate in-place income and future flexibility. The 17,871 SF, three-story office building is currently 100% leased, with ±12,325 SF across the first and second floors available for an owner-user upon request—allowing buyers to offset occupancy costs with existing cash flow. Situated on a 1.05-acre site with ample parking, strong visibility, and convenient access to Central Avenue, light rail, and surrounding amenities, the property combines stable tenancy with long-term upside in one of Phoenix’s most established and supply-constrained submarkets.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
17,871 SF
Building Class
B
Year Built/Renovated
1962/2022
Price
$3,538,000
Price Per SF
$197.97
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,957 SF
Building FAR
0.39
Lot Size
1.05 AC
Zoning
C-1/P-1, Phoenix - Commercial
Parking
111 Spaces (6.21 Spaces per 1,000 SF Leased)
Amenities
- Fitness Center
- Security System
- Signage
- Kitchen
- Central Heating
- Direct Elevator Exposure
- Shower Facilities
- Drop Ceiling
- Monument Signage
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $225,307 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$225,307
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55 E Thomas Rd
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