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16515 S 40th St
Phoenix, AZ 85048 Ahwatukee

$820,000 USD

Medical Condo For Sale  •  1,982 SF

Property Details

  • Property Type Medical
  • Total Building Size 5,101 SF
  • Lot Size 0.12 AC
  • Building Class B
  • Year Built 2004
  • Tenancy Multiple
  • Zoning PCD, Phoenix
23 Transit Score
48 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 133 Medical Office 1,982 SF $820,000 USD
  • Unit Size: 1,982 SF
  • Condo Use: Medical Office
  • Price: $820,000 USD
  • Sale Type: Investment
  • Price/SF: $413.72 USD
Description
Prime Medical Investment Opportunity - Ahwatukee, AZ
• Located in one of Ahwatukee’s most desirable professional
corridors, this office condo sits on a high-visibility hard corner
within a thriving business district. The professional plaza
experiences strong traffic counts and easy access for patients and
clients.

Upscale Medical/Chiropractic Office Build-Out.
Beautifully designed medical/chiropractic space featuring:
 • Upscale interior finishes
 • Multiple wet rooms
 • High-speed data infrastructure
 • Layout optimized for patient flow & operational efficiency

This turnkey medical environment enhances productivity and
attracts long-term professional tenants.

• New 5-Year Medical Office Lease
A newly signed 5-year lease with a medical/chiropractic tenant
provides immediate and stable cash flow.
NOI: $45,000/year, offering strong and predictable returns.

• High Growth Area with Strong Demand
Ahwatukee continues to attract medical and professional service
providers due to its expanding population and limited supply of
quality medical office space. This property is well-positioned for
long-term value appreciation.

• Proven Income Stability
The condo has a consistent history of qualified professional
tenants and reliable income. Its location, build-out quality, and
tenant profile make it a secure and compelling investment in a
competitive market.

Sale Notes
Prime Investment Opportunity

Description 

Great Investment Opportunity in Fantastic Location

• The property is located in the Ahwatukee Foothills area of Phoenix,
AZ, known for its affluent and family-friendly neighborhoods, such
as Equestrian Estates and Canyon Reserve.

• South Mountain Park, one of the largest municipal parks in the
U.S., is nearby, offering opportunities for outdoor recreation like
hiking and biking.

• The property is in close proximity to major retail centers, including
the upscale shopping destination Ahwatukee Foothills Towne
Center, which features a variety of shops, restaurants, and
entertainment options.

• The area boasts highly ranked schools, such as Kyrene de la
Colina Elementary School and Desert Vista High School, making it
appealing for families with children.

• Access to major transportation arteries, such as the I-10 freeway,
provides convenient connectivity to other parts of the Phoenix
metropolitan area for businesses and residents alike.

Highlights

High Traffic Counts
New 5 year lease just signed with medical office tenant

Property Flyers

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 22 min - 13.8 mi
Phoenix-Mesa Gateway 31 min - 21.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Tony Preston 602-615-1383 JPAR Vantage
Tony Preston 602-615-1383 JPAR Vantage