2641 E MCDOWELL Road, Phoenix, AZ 85008 (MLS# 6586043)

2641 E MCDOWELL Road, Phoenix, AZ 85008

$1,630,000

Property Type: Comm/Industry Sale Square Footage: 8,848 Lot Size (sq. ft.): 30,638 Status: Closed

Current Price: $1,630,000 List Date: 2/12/2024 Last Modified: 6/26/2026

Overview

Description

Great opportunity to own two Flex commercial buildings that front McDowell Road with a combined total of 8,848 sf. The property is ideal for a fractional owner user or as an investment. The large building has 2 stories and currently consists of 90% office space and 10% warehouse. There is 22' clearance height in the warehouse with a grade level roll up door plus a mezzanine for extra storage. It is fully occupied with 2 tenants in place. One lease is until December 2024 and the other is month to month. Value add property. Potential uses include but not limited to the following: Executive office suites, Medical offices, Warehouse, Distribution , Assisted living, R&D, Retail, Church, Vocational School and more.

Supplements: Centrally located in Phoenix on the corner of E. McDowell Road and N. 27th Street. Close proximity to Phoenix Sky Harbor Airport, Downtown Phoenix, Arcadia, Scottsdale, Downtown Tempe, Downtown Phoenix with great dining and entertainment optiions... all within 10 minutes drive!

Listing Details MLS# 6586043

Location, Tax & Legal

House Number: 2641
Compass: E
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 3641
Country: US
County Code: Maricopa
Subdivision: DEL REY LOTS 101-140
Assessor Number: 121-77-001-D
Tax Year: 2022
Assessor's Map #: 77
Legal Description (Abbrev): DEL REY MCR 14/5 LOT 11 EX S 155.05F TH/OF & EX E 50F TH/OF & EX N 7F RD
Assessor's Parcel #: 1
Assessor Parcel Ltr: D
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 113501
Taxes: 8658
Legal: DEL REY MCR 14/5 LOT 11 EX S 155.05F TH/OF & EX E 50F TH/OF & EX N 7F RD
Marketing Name: Office-Flex Buildings

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Commercial
Ttl Apx SqFt Bldg: 8848
# of Buildings: 2
Lot Size Dimensions: 120'X253'
Year Built: 1960
Uncvrd Parking Spcs: 29
Zoning: C-2

Remarks Misc

Cross Street: E. McDowell and N. 27th Street
Directions: Corner of E. McDowell and N. 27th Street.

Status Change Info

Off Market Date: 2024-03-01
Under Contract Date: 2023-11-16
Close of Escrow Date: 2024-02-29

Legal Info

Township: 1N
Range: 3E
Section: 2
Lot Number: 11

More Information

Bay Info

# of Bays: Yes
# of Bay Doors: Yes

Income Expenses

Net Operating Income: 101315

Sold Info

Loan Type: Cash
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
Tilt-Up: Yes
Stucco: Yes
Wood Frame: Yes

Roofing

Built-Up: Yes
Concrete: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8658
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes
Distribution/Warehouse: Yes
Other (See Remarks): Yes

Business Type

Mixed: Yes
Religious Facility: Yes
Professional/Office: Yes
Warehouse: Yes
Retail: Yes
Wholesale: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Cap Rate: 5.36
Equity: 1890000
Total Owed: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Ceiling Height

8 Feet or Less: Yes
8.1 Feet to 10 Feet: Yes
16.1 Feet to 28 Feet: Yes

Heating

Natural Gas: Yes
Warehouse Heated: Yes

Cooling

Central Air: Yes
Warehouse Evap: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Private Restrooms: Yes

Loading Facilities

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

Exterior

Corner Lot: Yes
Dual Street Ftg: Yes
Landscaping: Yes
Building Sign: Yes

Source of Fincl Data

Owner: Yes

Fencing

Block: Yes
Chain Link: Yes

Water Source

City Franchise: Yes

Building Features

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

Sewer

Sewer - Public: Yes

Parking Features

Private: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

New Financing

Cash Only: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Office; Distribution/Warehouse; Other (See Remarks) Business Type: Mixed; Religious Facility; Professional/Office; Warehouse; Retail; Wholesale Stories: 2 Stories Construction: Block; Tilt-Up; Stucco; Wood Frame Roofing: Built-Up; Concrete Floors: Concrete; Ceramic Tile Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Heating: Natural Gas; Warehouse Heated Cooling: Central Air; Warehouse Evap Loading Facilities: Dock High; Grade Level; Drive-in Door(s) Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Private Restrooms Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign Fencing: Block; Chain Link Building Features: Conference Room; Reception Room; Cafeteria; Kitchen; Fiber Optic Availble; Skylight(s) Parking Features: Private; Paved Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Special: Owner/Agent Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Environmental: None

Listing Office: RE/MAX Solutions

Last Updated: June - 26 - 2026