379 E MONTE VISTA Road, Phoenix, AZ 85004
$1,550,000
Property Type:
Comm/Industry Sale
Square Footage:
6,253
Lot Size (sq. ft.):
43,560
Status:
Active
Current Price:
$1,550,000
List Date:
3/13/2025
Last Modified:
5/07/2025
Description
Located at 379 E Monte Vista in Phoenix, this 6,252 SF, single-story office building—built in 1981 with durable masonry/reinforced concrete tilt-up construction—is nearly fully leased to stable individual wellness practitioners. Situated on a 0.144-acre lot, this asset benefits from a prime commercial location in a C-T/C-O zoned area close to downtown. With a healthy 7.31% Cap Rate and consistent tax assessment history that reflects ongoing value appreciation, this property presents a great opportunity for the holistic-minded entrepreneur looking for a stable, income-producing investment.
More Information MLS# 6834565
Contract Info
Current Price: $1,550,000
List Price: $1,550,000
Status: Active
List Date: 2025-03-12
Ownership: Fee Simple
Location Tax Legal
House Number: 379
Compass: E
Street Name: MONTE VISTA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 1438
Country: US
County Code: Maricopa
Subdivision: SEVENTH STREET/MONTE VISTA OFFICE CONDO BLDG A-B
Assessor Number: 118-53-090
Tax Year: 2024
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 6253
# of Buildings: 1
Year Built: 1981
Uncvrd Parking Spcs: 25
Zoning: Commercial
Remarks Misc
Cross Street: E Mcdowell Rd & N 7th
Directions: Head West on E McDowell Rd, Turn right onto N 7th then the property will be on your left hand side
Geo Lat: 33.470864
Geo Lon: -112.065862
Status Change Info
Status Change Date: 2025-03-13
Legal Info
Township: 2N
Range: 3E
Section: 32
Lot Number: B
Income Expenses
Gross Annual Sch Inc: 170400
Net Operating Income: 113257
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Office
Business Type: Mixed; Professional/Office; See Remarks
Stories: 1 Story
Construction: Block; Tilt-Up; Metal; Wood Frame
Roofing: Built-Up
Floors: Concrete; Sealed; Wood; Ceramic Tile; Carpet
Ceiling Height: 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet; 16.1 Feet to 28 Feet
Cooling: Central Air; Office A/C; See Remarks
Loading Facilities: None
Interior: Finished
Exterior: Building Sign
Fencing: None
Parking Features: Private; Paved
Electric: APS; Master Meter; Other (See Remarks)
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange
Lockbox Type: Supra
Source of Fincl Data: Owner
Environmental: None
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: May - 07 - 2025
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