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8455 NW Grand Avenue, Peoria, AZ 85345

Vacant commercial property with a grey-shell building, extensive frontage, and multiple access movements.

Property SizeContact for details
Days on Market145

Property Features for 8455 NW Grand Avenue

General Information

Standard status Active
Property subtype Land, Retail, Office, Multifamily, Mixed Use
Listing Agency: Praedium Advisors Inc
Listed By: Victor Allison · License #AZ BR033844000
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 9:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Praedium Advisors Inc

Investment Insights

Based on property information with market context.

This 7.48±-acre commercial land holding at 8455 NW Grand Avenue includes a 91,000± SF building that has been vacant for more than ten years. The structure should be treated as a grey shell, with no existing or serviceable mechanical, electrical, or plumbing systems. The property was formerly occupied by a grocery store and offers an existing large-format improvement for redevelopment or reconfiguration.

Grand Avenue provides 500+ feet of frontage and approximately 30,000 vehicles in daily traffic. A median break supports right-in/right-out and left-in/left-out movements, while signalized intersections are located at Peoria Avenue and 85th Avenue. The site is 1.5 miles west of Loop 101 and within walking distance of Peoria’s downtown attractions, including the Peoria Center for the Performing Arts, Osuna Park, the Peoria Community Center, and Old Town Peoria.

The property lies within an Economic Opportunity Zone and the City of Peoria’s Commercial Revitalization Zone. Peoria 83, located within 3 miles at 83rd Avenue and Bell Road, adds nearby shopping, dining, entertainment, theater, and sports facilities.

Key Highlights

  • 7.48± acres with a 91,000± SF former grocery‑store building
  • Grey‑shell condition with no existing or serviceable mechanical, electrical, or plumbing equipment
  • 500+ feet of frontage on Grand Avenue with a 30,000± traffic count

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Hair Salon Dental Office Daycare Center Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

682
Businesses Nearby
76k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 73% Apparel 18% Shops & Services 9%
Wendy's Dining
17,546 visits/mo 0.4 miles
SONIC Drive In Dining
14,737 visits/mo 0.3 miles
Goodwill Apparel
13,787 visits/mo 0.2 miles
Taco Bell Dining
12,148 visits/mo 0.3 miles
Denny's Dining
11,216 visits/mo 0.4 miles

Demographics for 85345, AZ

61,024
Population
24,273
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
4,805
Density / Sq Mi
$64,563
Median Household Income
$40,280
Median Earnings
$1,563
Median Rent
$278,300
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Vacant commercial property with a grey-shell building, extensive frontage, and multiple access movements.
Where is this commercial land located?
The property is located at 8455 NW Grand Avenue Peoria, AZ.
What are key features of this property?
This property features: 7.48± acres with a 91,000± SF former grocery‑store building; Grey‑shell condition with no existing or serviceable mechanical, electrical, or plumbing equipment; 500+ feet of frontage on Grand Avenue with a 30,000± traffic count
(602) 320-6200 Call to check price and availability
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