4338 W Thomas Rd, Phoenix, AZ, 85031

4338 W Thomas Rd Phoenix, AZ 85031

Phoenix
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,750,000
Last Verified:
Oct 28, 2025

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Highlights

  • Location: Medical office condo at the northwest corner of 43rd Ave & Thomas Rd
  • Space Layout: 46% built out for medical office, 13% retail (pharmacy), 40% in shell condition
  • Property Type: Part of a four-unit medical condo association, converted from a 28,557 sq. ft. single-tenant retail building. Sale may be subject to court approval.

Description

This offering is a medical office condo located at the northwest corner of 43rd Ave & Thomas Rd. The property is partially built out, with approximately 46% of the space designed for medical office use, 13% allocated to retail (pharmacy space), and the remaining 40% in shell condition, offering flexibility for customization. The condo is part of a four-unit medical condo association, which was recently established following the conversion of a larger 28,557-square-foot single-tenant retail building. Please note that this sale may be subject to court approval.

This offering is a medical office condo located at the northwest corner of 43rd Ave & Thomas Rd.


Year Built: 1981
Building Size: 9258sq ft
Building Class: B
Lot Size: 0.21 acres

Map of 4338 W Thomas Rd, Phoenix, AZ, 85031

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.