500 E Thomas Road, Phoenix

$2,600,000

0 Beds
0 Baths
0 Acres
0 Garages

500 E Thomas is an incredible ''shovel-ready'' office to multifamily conversion consisting of 26 individual units, business center and outdoor recreational area. The current three-story structure was designed by the award winning mid-century modern architect Al Beadle in 1970 and comprises nearly 20,000sf of office space on a 30,000sf parcel. MOD a+p, a local Phoenix design firm, has provided plans to tastefully implement modern design elements to the exterior and common areas without disturbing the original character of the structure. Current ownership has completed all the heavy lifting of the permitting and rezoning process and will provide City of Phoenix approved plans with the purchase of 500 E Thomas.500 E Thomas provides an investor the rare opportunity to purchase an iconic Beadle designed building with City of Phoenix approved plans and permits to convert to a highest-and-best-use 26 unit multifamily community with both a business center and outdoor recreation area.

Essential Information
MLS® #6092400
Price$2,600,000
Year Built1970
TypeMulti-Family
Sub-Type25 - 50 Units
StatusActive
Community Information
Address500 E Thomas Road
CityPhoenix
CountyMaricopa
StateAZ
Zip Code85012
Subdivision

500 EAST THOMAS ROAD CONDOMINIUM

Amenities
Parking Spaces66
Parking>1 Space Per Unit
Amenities

Barbecue Area(s), Other (See Remarks), Shuffle Brd/Lawn Bwl, Game/Rec Room

Interior
AppliancesNone
HeatingIndividual
CoolingIndividual
Exterior
Lot Description29,994 sf
RoofOther (See Remarks)
ConstructionFrame - Metal
District

001 - Phoenix Elementary District

Additional Information
ZoningR-5
Listing Details
OfficeApartment Realty Advisors of A
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Listing information last updated on September 24th, 2020 at 2:03am MST.