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202 E Earll Dr
Phoenix, AZ 85012 Encanto

$1,317,410 USD

Medical Condo For Sale  •  5,606 SF

Property Details

  • Property Type Medical
  • Total Building Size 98,572 SF
  • Lot Size 2.82 AC
  • Building Class A
  • Year Built 1985
  • Tenancy Multiple
  • Zoning R-5, Phoenix
60 Transit Score
70 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 160 Office 5,606 SF $1,317,410 USD
  • Unit Size: 5,606 SF
  • Condo Use: Office
  • Price: $1,317,410 USD
  • Sale Type: Owner User
  • Price/SF: $235.00 USD
Description
We are offering a rare opportunity to purchase a well-located professional office in Midtown Phoenix with attractive owner financing terms designed to make ownership easier than ever.
If your business is currently leasing space, this may allow you to lock in occupancy costs, build equity, and control your long-term overhead.
Property details:
• 5,606 SF professional office condo
• Prime Midtown Phoenix location
• Excellent access to SR-51, I-10, and light rail
• Ideal for law firm, medical, CPA, therapy, consulting, or professional services
• Functional layout with offices, conference rooms, reception, and support space
• Reserved parking
• Move-in ready condition

Sale Notes
Attractive Owner Financing Terms
Purchase Price: $1,317,410 ($235/SF)
Owner financing available with the following structure:
• 20% down payment
• 25-year amortization
• 3% interest year 1
• 5% interest years 2–3
• 7% interest years 4–7
• 7-year balloon
• No prepayment penalty (buyer may refinance anytime)
This structure allows a buyer to secure space with lower initial payments and refinance later if interest rates decrease.
Estimated starting monthly payment is comparable to leasing similar space in Midtown.

Description

Earll Professional Plaza is a four story office condominium development located at 202 E. Earll Drive, just off Central Avenue in the MidTown Phoenix submarket.  This excellent location is within walking distance to Park Central Mall, a light rail station, and many retail conveniences and amenities.  Access in and out of the property is easy with a traffic light at both Central Avenue and Third Street.  This property provides a business owner accustomed to leasing a simple transition to owning.  The property association is set up to manage and pay for all of the typical building operating expenses except real estate taxes and in suite repairs and maintenance.  Isn't it time you have your business pay rent to you instead of paying it to a landlord?  There is a link in the brochure where you can take a virtual tour of Unit 160.

Highlights

Seller Financing available to qualified buyer
Great Central Phoenix location with many walkable amenities
Law Firm, Medical, CPA, Professional Services, Insurance, Consulting
Space is in excellent condition, move-in ready
+/-5,606 square feet in size
Lots of windowed offices with natural light

Property Flyers

Amenities

  • Wheelchair Accessible
  • Natural Light

Public Transportation

Transit/SubwayDriveWalkDistance
Osborn/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 1 min 5 min 0.3 mi
Thomas/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 1 min 6 min 0.4 mi
Encanto/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 3 min 17 min 0.9 mi
Indian School/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Phoenix Sky Harbor International 14 min - 7.6 mi
Phoenix-Mesa Gateway 47 min - 34.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 163
Type: Surface
Included in Rent: Yes
John Barnes 602-222-5000 Colliers
John Barnes 602-222-5000 Colliers