OFFICE BUILDING THAT COULD BE AN ADAPTIVE RE-USE OPPORTUNITY

Bethany Professional Center
West of the NWC of I-17 and Bethany Home
2610 W. Bethany Home,Phoenix, AZ

Price $550,000
Building Area 17,296 SF
Price per SF $31.80
Land Only Price per SF $18.70
Available SF 13,412 SF
Occupied SF 3,351 SF
Year Built 1963
Zoning C-2

This is owned by a private lender that got title by deed-in-lieu of foreclosure on 1/15/16. They want the property sold as quickly as possible and have listed the property at an aggressive price close to land value for a fast sale. The building offers security gates at all entrances to the central courtyard, an elevator and two stairways to the second floor. It might make sense to convert this building to apartments. It lays out well for about 26 units with a mix of 27% studios, 46% 1BR’s and 27% 2BR’s. As either an office or apartment building assuming pretty low rents, it is not hard to project a $400,000 to $500,000 profit after lease-up or conversion costs.

Most of the suites are built-out but there are a few shell spaces. One of those already has a restroom and the others have the plumbing in place for restrooms. Photos of most of the suites are below

Download the 2610 W. Bethany Sales Flyer

Additional Photos
Suites 360 Photos Interior Photos
Suite 101 101-1 101-1 101-2
Suite 102 102-1 102-1 102-2
Suite 103 103-1 103-2 103-1 103-2 103-3 103-4 103-5
Suite 104 104-1 104-2 104-1 104-2 104-3 103-1 104-5
Suite 105 105-1 105-2
Suite 106 106-1 106-2
Suite 107 107-1 107-1 107-2 107-3
Suite 108 108-1 108-2 108-3 108-1 108-2 108-3 108-4
Suite 109 109-1 109-2 109-3 109-1 109-2 109-3 109-4 109-5
Suite 110 110-1 110-2 110-3 110-1 110-2 110-3 110-4 110-5 110-6 110-7 110-8
Suite 201 201-1 201-2 201-1 201-2 201-3 201-4 201-5
Suite 202 202-1 202-2 202-1 202-2 202-3 202-4 202-5
Suite 203 203-1 203-2 203-1 203-2 203-3 203-4 203-5 203-6 203-7 203-8
Suite 204 204-1 204-2 204-1 204-2 204-3
Suite 205 205-1 205-2 205-3 205-4 205-5
Suite 206
Suite 207
Suite 208 208-1 208-2 208-3 208-1 208-2 208-3 208-4 208-5
Suite 208A 208A-1 208A-1 208A-2
Suite 209 209-1 209-2 209-1 209-2 109-3 109-4 109-5 209-6
Suite 210 210-1 210-2 210-1 210-2 210-3 210-4 210-5 210-6 210-7 210-8 210-9
Mechanical Mechanical 360 Mechanical-1 Mechanical-2 Mechanical-3
Mechanical-4 Mechanical-5 Mechanical-6
Mechanical-7 Mechanical-8
Public Restroom Public Restroom 360
Courtyard Courtyard-1 Courtyard-2 Courtyard-3
Courtyard-4 Courtyard-5 Courtyard-6

 

Location