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    1701 E Mcdowell Rd Phoenix, AZ 85006

    For Lease
    $12 SF/Yr ($3,700 /Mo)

    Retail space with frontage on McDowell Road in Phoenix, Arizona.

    Property size:
    3,700 SF
    Lot size:
    2.31 Acres

    Property Features for 1701 E Mcdowell Rd

    General Information

    Size
    3,700 SF
    Lot size
    2.31 Acres

    Source: LevRose Commercial Real Estate Agent Matt Leonard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on McDowell Road

    This retail space, with frontage on McDowell Road, is designed to be the focal point of The Governor multi-family community. The entire 176 units of the community are currently under construction and scheduled for completion in August 2024. The retail space will have direct access to approximately 250 residents. Nine allocated parking spaces are located along the west side of the site. The location is within the Miracle Mile redevelopment corridor. The site has a storied past, as it was home to Arizona’s first Governor and one of the original Safeway Supermarket locations. The average annual daily traffic is 32,365.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0454424
    Latitude
    33.4652427

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    FAQs

    What type of property is this?
    Retail space - Retail space with frontage on McDowell Road in Phoenix, Arizona.
    Where is this retail space located?
    The property is located at 1701 E Mcdowell Rd Phoenix, AZ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: Boasting 32,365 annual average daily traffic on McDowell Rd.; - Direct Access to Residents: Retail space provides direct access to approximately 250 residents.; - New Multi-Family Community: Located at the focal point of The Governor, a 176-unit multi-family community scheduled for completion in August 2024.
    (602) 369-7127
    Request Owner's contact information
    1701 E Mcdowell Rd Phoenix, AZ 85006
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    Phoenix, AZ 85006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1701 E Mcdowell Rd Phoenix, AZ 85006
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