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Address
500 E Thomas Road Phoenix, AZ
Price
$ 2,600,000
Property Attributes
  • MLS#6092400
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Neighborhood500 East Thomas Road Condominium
  • Zip85012
  • Style
  • Year Built1970
  • Taxes20892
  • Price$ 2,600,000
  • Bedrooms13
  • Full Bathrooms13
  • Half Bathrooms0
  • Sqr Footage8437
Listing Provided Courtesy Of:
Apartment Realty Advisors of A
Property Description

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

Price History
6/18/2020 Listed $2,600,000

General Features

1 Bedroom Units: Avg Rent 1650.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Metal
Features Barbecue Area(s), Game/Rec Room, Other (See Remarks), Shuffle Brd/Lawn Bwl
Map Code/Grid P34
Net Income 0.00
New Financing Conventional
Owner Pays Other
Parking >1 Space Per Unit
Property Type F
Public Remarks 500 E Thomas is an incredible ''shovel-ready'' office to multifamily conversion consisting of 26 individual units
School District 001 - Phoenix Elementary District
Status Active
Subdivision 500 EAST THOMAS ROAD CONDOMINIUM
Tenant Pays Electric
Year Built 1970
Zoning R-5

Interior Features

1 Bedroom Units: # 1 Bedroom Units 13
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 649
Appliances Included None
Cooling Individual
Electric Individual Meter
Floors Concrete
Gas None
Heating Individual
Total Number of Units 26.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 33.00
Lot Size Dimensions 29, 994 sf
Roof Other (See Remarks)
Sewer Sewer - Public
Total Parking Spcs 66.00
Water Individual Meter

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85012

Price
AVG $3.44M
$2.6M
Taxes
AVG $11,954
$20,892
Visits
AVG 368
166
Year Built
AVG 1960
1970

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