Sec Loop 202 & Baseline Rd Phoenix, AZ

This commercial land is adjacent to the South Mountain Loop 202 Freeway, benefiting from a full-diamond Baseline Road interchange that sees nearly 146,000 vehicles per day. The zoning permits multi-family development, utilizing a pre-approved site plan and elevations. The location is across the 202 freeway from established retail options, including Sprouts Farmers Market, T.J. Max, and Michaels, as well as ALD, a planned Harkins Theater, and various shops and restaurants. A planned Banner Health has recently acquired land just north of the site, with potential for a new hospital campus. The area boasts over 200,000 employees within a 10-mile radius and median household incomes exceeding $76,000. Further retail and employment developments are planned for the immediate area, which are expected to increase daytime employment and demand for future housing and multi-family options. The site benefits from a strong barrier to entry, with limited future multi-family zoning available. The property size is 6,000 square feet.