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    3121 W Peoria Ave Phoenix, AZ 85029

    For Sale
    Contact for pricing

    Restaurant space available in high-traffic Phoenix location near I-17.

    Property size:
    17,755 SF

    Property Features for 3121 W Peoria Ave

    General Information

    Size
    17,755 SF

    Building Details

    Year built
    2015

    Source: Bryan Ledbetter Agent Bryan Ledbetter

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

    Overview

    Restaurant Space at Metro Commons

    Located at the southwest corner of Peoria Avenue and 31st Avenue in Phoenix, this restaurant space is situated in one of the area's most densely populated and heavily trafficked locations. The property benefits from its proximity to Interstate-17 Black Canyon Freeway. Metro Commons attracts customers from a trade area that includes ASU West, Glendale Community College, John C Lincoln Hospital, and DeVry University. Access to the property is facilitated by six ingress/egress points along 31st Avenue, Peoria Avenue, and Cochise Drive. The Northwest Light Rail Extension Phase II, scheduled for completion in 2024, will extend the light rail system 1.6 miles from its current terminus at 19th Avenue & Dunlap Avenue to the former Metrocenter Mall area. The property size is 17755 square feet.
    Location Intelligence

    Current Use by Public Records

    Maddox Heating & Air ... Contractor Smashburger Hamburger Restaurant Yogis Grill Japanese Restaurant MOD Pizza Pizza Restaurant Taco Night & Tequila Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1274642
    Latitude
    33.5809232

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space available in high-traffic Phoenix location near I-17.
    Where is this restaurant located?
    The property is located at 3121 W Peoria Ave Phoenix, AZ.
    What are key features of this property?
    This property features: - Ideally located at the southwest corner of Peoria Avenue and 31st Avenue, a high-traffic area in Phoenix.; - Adjacent to Interstate-17 Black Canyon Freeway.; - Located in Metro Commons, drawing customers from ASU West, Glendale Community College, John C Lincoln Hospital, and DeVry University.
    (602) 795-8670
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    3121 W Peoria Ave Phoenix, AZ 85029
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    Phoenix, AZ 85029
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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
    3121 W Peoria Ave Phoenix, AZ 85029
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