124 W MCDOWELL Road, Phoenix, AZ 85003 (MLS# 6491219)

124 W MCDOWELL Road, Phoenix, AZ 85003

$1,425,000

Property Type: Comm/Industry Sale Square Footage: 6,390 Lot Size (sq. ft.): 9,538 Status: Closed

Current Price: $1,425,000 List Date: 11/19/2022 Last Modified: 7/29/2024

Overview

Description

Own or lease a piece of Phoenix mid century modern history with this 6,390 sf creative office / studio building originally designed in 1968 by iconic architect Al Beadle. Located in the Central Corridor of Phoenix adjacent to highly sought after Willo Historic District, you will be located only steps away from nearby light rail station and abundant entertainment, shopping, arts, and dining options in the thriving Downtown Phoenix core. High visibility makes for great signage along McDowell Road with 31,766 VPD, and a large west facing mural by Fred Tieken. Current owner has maintained the building as a creative office / photography studio with a strong pride of ownership for the last 25 years, featuring one of the largest cyclorama walls in Arizona.

Supplements: The existing floor plan is built out with a number of private and semi-private offices, reception area, full kitchen, conference room, 2 private bathrooms, a dressing room, 3 professional photography shooting spaces, large covered private patio, multiple roll up doors lots of storage space, and lots of natural light. 13' foot tall ceilings float ab ... (Read more)

Listing Details MLS# 6491219

Location, Tax & Legal

Map Code/Grid: P34
House Number: 124
Compass: W
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1213
Country: US
County Code: Maricopa
Subdivision: NORTH CHELSEA
Assessor Number: 118-56-097
Tax Year: 2022
Assessor's Map #: 56
Legal Description (Abbrev): LOT 94 NORTH CHELSEA MCR 000929
Assessor's Parcel #: 97
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111800
Taxes: 5742
Legal: LOT 94 NORTH CHELSEA MCR 000929

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Creative Office/Flex
Ttl Apx SqFt Bldg: 6390
# of Buildings: Yes
Year Built: 1968
Uncvrd Parking Spcs: 5
Zoning: MCD-1; C-DT
Flood Zone: No

Remarks Misc

Cross Street: Central and McDowell
Directions: From Central and McDowell, travel west to 124 W McDowell, building on north side of street.

Status Change Info

Off Market Date: 2022-12-25
Under Contract Date: 2022-11-28
Close of Escrow Date: 2023-02-23

Legal Info

Township: 2N
Range: 3E
Section: 32
Lot Number: 94

More Information

Bay Info

# of Bay Doors: 3

Income Expenses

Gross Annual Sch Inc: 3900

Contact Info

List Agent Home Phn: 602-793-2753

Sold Info

Loan Type: Cash
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes

Roofing

Foam: Yes

Floors

Concrete: Yes
Wood: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5742
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 3900

Building Type

Commercial: Yes
Industrial: Yes
Office: Yes
Distribution/Warehouse: Yes

Business Type

Service Business: Yes
Professional/Office: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Equity: 1495000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

12.1 Feet to 14 Feet: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Heat Pump: Yes
Office A/C: Yes

Interior Features

Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Alarm System: Yes
Private Restrooms: Yes

Loading Facilities

Grade Level: Yes
Drive-in Door(s): Yes

Road Access Type

Alley: Yes
Dedicated Street: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Exterior

Curb(s) & Gutter(s): Yes
Building Sign: Yes
Sidewalk(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

25,001 to 35,000: Yes

Fencing

Chain Link: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Freeway/Highway

Up to 1 Mile: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
Showroom: Yes
Kitchen: Yes
Fiber Optic Availble: Yes
Skylight(s): Yes

Sewer

Sewer - Public: Yes

Parking Features

Private: Yes
Paved: Yes

Electric

APS: Yes
Master Meter: Yes
220 Volts: Yes

Gas

Individual Meter: Yes

New Financing

Cash Only: Yes
Other (See Remarks): Yes

Reports/Disclosures

ALTA Survey Availbl: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Industrial; Office; Distribution/Warehouse Business Type: Service Business; Professional/Office Stories: 1 Story Construction: Block Roofing: Foam Floors: Concrete; Wood Ceiling Height: 12.1 Feet to 14 Feet Heating: Natural Gas Cooling: Office A/C; Heat Pump Loading Facilities: Grade Level; Drive-in Door(s) Interior Features: Smoke Detector(s); Security System; Security Light(s); Alarm System; Private Restrooms Exterior: Curb(s) & Gutter(s); Building Sign; Sidewalk(s) Fencing: Chain Link Building Features: Conference Room; Reception Room; Showroom; Kitchen; Fiber Optic Availble; Skylight(s) Parking Features: Private; Paved Road Access Type: Alley; Dedicated Street Electric: APS; Master Meter; 220 Volts Gas: Individual Meter Water Source: City Franchise; Master Meter Sewer: Sewer - Public New Financing: Cash Only; Other (See Remarks) Lockbox Type: None Source of Fincl Data: Owner Road Surface Type: Asphalt; Concrete Traffic Count: 25,001 to 35,000 Environmental: None

Documents

Floor Plan ›

Listing Office: Urban Luxe Real Estate

Last Updated: July - 29 - 2024