Multi-Family
1040 E McDowell
1040 E McDowell Rd, Phoenix, AZ 85006
Listing Price: Request For Offer
Investment Overview
1040 E McDowell Road is a ±2.84-acre entitled development site approved for 255 apartment units and ground-floor retail, directly across McDowell Road from Central Phoenix's largest hospital campus and 1.5 miles from the downtown core.
1040 E McDowell
Investment Highlights
- Banner – University Medical Center (746 beds) sits directly across McDowell Rd; Phoenix Children's, Abrazo Arizona Heart, St. Joseph's / Barrow and the Phoenix VA Medical Center are all with 3 miles.
- The conceptual site plan was submitted to the City in August 2026 and is proceeding through site plan review.
- The PUD rezoning is complete and the conceptual site plan is in City review. A buyer inherits an 80-foot height allowance on McDowell Road.
Exclusively Listed By
Investment Highlights
- Banner – University Medical Center (746 beds) sits directly across McDowell Rd; Phoenix Children's, Abrazo Arizona Heart, St. Joseph's / Barrow and the Phoenix VA Medical Center are all with 3 miles.
- The conceptual site plan was submitted to the City in August 2026 and is proceeding through site plan review.
- The PUD rezoning is complete and the conceptual site plan is in City review. A buyer inherits an 80-foot height allowance on McDowell Road.
Investment Overview
1040 E McDowell Road is a ±2.84-acre entitled development site approved for 255 apartment units and ground-floor retail, directly across McDowell Road from Central Phoenix's largest hospital campus and 1.5 miles from the downtown core.
Exclusively Listed By
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