16515 S 40TH Street 131, Phoenix, AZ 85048
$1,250,000
Property Type:
Comm/Industry Sale
Square Footage:
2,035
Lot Size (sq. ft.):
2,175
Status:
Active
Current Price:
$1,250,000
List Date:
3/03/2026
Last Modified:
3/13/2026
Description
Prime medical office space designed to support a wide range of healthcare or professional services. Ideal for medical, dental, therapy, or other patient-focused practices, this professional suite offers a layout tailored for clinical operations and patient comfort. The bright, welcoming interior features a spacious reception and waiting area, multiple private treatment or exam rooms, a lab, and a dedicated staff break room to support daily workflow. Ample natural light enhances the patient experience while creating a comfortable environment for both staff and visitors. Convenient highway access provides excellent connectivity for patients and employees alike.
Supplements: Whether establishing a new practice, relocating, or expanding an existing clinic, this well-located commercial condo offers the functionality, accessibility, and professional setting needed for a thriving medical practice.
More Information MLS# 6992676
Contract Info
Ownership: Fee Simple
Current Price: $1,250,000
List Price: $1,250,000
Status: Active
List Date: 2026-03-03
Location, Tax & Legal
Unit #: 131
Assessor's Map #: 85
Legal Description (Abbrev): FOOTHILLS PROFESSIONAL VILLAGE CONDOMINIUM MCR 656-02 UNIT 113 (PLEASE NOTE; FOR LEGAL DESCRIPTION R
Assessor's Parcel #: 235
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116712
Taxes: 5373
Legal: FOOTHILLS PROFESSIONAL VILLAGE CONDOMINIUM UNITS 115 AND 116 AMD MCR 1298-22 UNIT 116
House Number: 16515
Compass: S
Street Name: 40TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85048
Zip4: 0559
County Code: Maricopa
Subdivision: FOOTHILLS PROFESSIONAL VILLAGE CONDOMINIUM
Assessor Number: 301-85-235
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 2035
# of Buildings: 1
Uncvrd Parking Spcs: 0
Stories: 1
# of Interior Levels: 1
Year Built: 2005
Zoning: CO
Currently Not Used
Sold Price Per SqFt: 614.25
Legal Info
Range: 4E
Section: 31
Township: 1S
Lot Number: 113
Construction
Wood Frame: 1
Roofing
Tile: 1
Floors
Ceramic Tile: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 11079.72
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Office: 1
Business Type
Dental: 1
Medical: 1
Professional/Office: 1
Pmt & Rate Info
Equity: 1250000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
Combo: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Electric: 1
2 or More Units: 1
Cooling
Heat Pump: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Private Restrooms: 1
Loading Facilities
None: 1
Appliances Included
Refrigerator: 1
Road Access Type
City Street: 1
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Building Features
Accessible Entrance: 1
Reception Room: 1
Kitchen: 1
Showers - Office: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Private: 1
Paved: 1
Off Street: 1
Electric
SRP: 1
Gas
None: 1
New Financing
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Remarks Misc
Cross Street: 40th Street and Frye
Directions: Go S on 40th St just past E Frye Rd, the property is on the left side of the road
Geo Lat: 33.297604
Geo Lon: -111.996475
Property Features
Building Type: Commercial; Office
Business Type: Dental; Medical; Professional/Office
Construction: Wood Frame
Roofing: Tile
Floors: Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; 2 or More Units
Cooling: Heat Pump
Loading Facilities: None
Interior Features: Finished; Fire Sprinklers; Private Restrooms
Fencing: None
Building Features: Accessible Entrance; Reception Room; Kitchen; Showers - Office
Appliances Included: Refrigerator
Parking Features: Parking Lot; Private; Paved; Off Street
Road Access Type: City Street; Dedicated Street
Road Responsibility: City Maintained Road
Electric: SRP
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: 1031 Exchange
Showing Notification Methods: Text; Phone Call
Lockbox Type: Combo
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Environmental: None
Listing Office:
Real Broker
Last Updated: March - 13 - 2026
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