125 E CORONADO Road, Phoenix, AZ 85004, Phoenix, 85004 - 3 bed, 5 bath
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Phoenix, AZ 85004
This 1926 Spanish Colonial property serves as a versatile Adaptive-Reuse Asset with a List Price of $2,495,000, positioned near its $2,422,146 Fair Market Value. Boasting a Condition Rating of 3, the structure preserves historic architectural character while offering modern C-O Zoning on a rare 0.48-acre lot. The property features mountain views and a patio, situated in a walkable urban corridor with immediate access to the Light Rail and downtown core. This high-visibility site is a strategic acquisition for Commercial Developers or Owner-Users seeking professional or creative space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 125 E CORONADO Road Subject | $2,495,000* List Price | 3 | 5 | 4,747 | $503 | - |
A 118 E Palm Lane Active | $1,799,900 List Price | 4 | 4 | 3,915 | $460 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1926 Spanish Colonial property is exceptionally well-maintained for its age, featuring polished hardwood floors, intact architectural wood-beamed ceilings, and clean interior/exterior surfaces. While the listing suggests repositioning and adaptive reuse, the visible areas show minimal wear and tear and appear move-in ready for professional or residential use, though some rooms contain dated office-style fluorescent lighting and utilitarian finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20850, living area = 4747.
The C-O zoning and flexible layout provide a rare opportunity for professional office, creative space, or mixed-use concepts in a supply-constrained historic corridor.
Boasting a highly walkable location near the downtown core, museums, and Light Rail, the property offers exceptional accessibility and visibility for commercial or residential use.
As an adaptive-reuse project built in 1926, the property will likely require significant capital investment to modernize infrastructure and meet contemporary commercial or residential standards.
The local public schools carry lower ratings (3-4), which may be a deterrent for buyers specifically looking to utilize the property as a primary family residence at this price point.
C-O zoned adaptive-reuse opportunity. Built in 1926 with Spanish architectural character and solid construction. Approx. 0.48-acre lot provides rare land value and long-term upside. Suitable for professional office, creative use, or mixed residential-commercial concepts. Walkable urban location near museums, downtown core, and Light Rail. Strong repositioning potential in a supply-constrained historic corridor.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades PK-8 • 0.7 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 5.0 | 0.0 |
| Square foot | 4,747 | - |
| Lot Size | 20,850 | - |
| Price | $2.50M | $495.4K |
| Price per sq ft | $526 | $290 |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 178 | 1260 |
Jan 26, 2026
$2,495,000
Initial Listing