16515 S 40TH Street 131, Phoenix, AZ 85048 (MLS# 6992676)

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: 4/21/2026

Overview

Description

Prime Ahwatukee medical/office space designed to support a wide range of healthcare or professional services. Currently used as a chiropractic office, it is also Ideal for medical, dental, therapy, or as a general professional office. 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 202 / I-10 access provides excellent connectivity for patients and employees alike. Plumbing is available to each treatment/exam room.

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.

Listing Details MLS# 6992676

Location, Tax & Legal

House Number: 16515
Compass: S
Street Name: 40TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85048
County Code: Maricopa
Subdivision: FOOTHILLS PROFESSIONAL VILLAGE CONDOMINIUM
Assessor Number: 301-85-235
Tax Year: 2025
Unit #: 131
Assessor's Map #: 85
Legal Description (Abbrev): LOT 116 FOOTHILLS PROFESSIONAL VILLAGE CONDOMINIUM MCR 065602
Assessor's Parcel #: 235
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116712
Taxes: 5373
Legal: LOT 116 FOOTHILLS PROFESSIONAL VILLAGE CONDOMINIUM MCR 065602

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 2035
# of Buildings: Yes
Stories: Yes
# of Interior Levels: Yes
Year Built: 2005
Zoning: CO
Uncvrd Parking Spcs: 0

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

Legal Info

Township: 1S
Range: 4E
Section: 31
Lot Number: 116

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

More Information

Currently Not Used

Sold Price Per SqFt: 614.25

Construction

Wood Frame: Yes

Roofing

Tile: Yes

Floors

Ceramic Tile: Yes

Income & Expenses

Owner Association: Yes
Annual Ownr Asoc Fee: 11079.72
Operating Exp: 16452.72
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes

Business Type

Dental: Yes
Medical: Yes
Professional/Office: Yes

Pmt & Rate Info

Equity: 1250000
Total Owed: 0

Lockbox Type

Combo: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes
Electric: Yes
2 or More Units: Yes

Cooling

Heat Pump: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Appliances Included

Refrigerator: Yes

Road Access Type

City Street: Yes
Dedicated Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Up to 1 Mile: Yes

Building Features

Accessible Entrance: Yes
Reception Room: Yes
Kitchen: Yes
Showers - Office: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes
Private: Yes
Paved: Yes
Off Street: Yes

Electric

SRP: Yes

Gas

None: Yes

New Financing

1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

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: April - 21 - 2026