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    1500 Greenway Pkwy Phoenix, AZ 85022

    Sponsored
    For Sale
    $3,500,000

    4.5-Acre Commercial Lot, $3.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 4.5-acre commercial land parcel presents a unique redevelopment opportunity in Phoenix, Arizona. Located at 1500 E Greenway Pkwy, 85022, in Maricopa County, this property is ideally situated near established retail centers, including Bell Towne Center and Moon Valley Towne Center, offering convenient access to major shopping, dining, and grocery options. The site boasts an IND-PK zoning designation, making it suitable for a variety of commercial uses. While the current owner prefers a residential development, the zoning allows for flexibility. Height restrictions will be a condition of sale. The asking price for this prime location is $3,500,000. This presents a compelling investment opportunity for developers seeking to capitalize on the growth and potential of the Moon Valley neighborhood in North Phoenix. The property's strategic location and substantial acreage provide a blank canvas for a visionary project. Serious inquiries are encouraged to explore the possibilities of this exceptional redevelopment opportunity. Detailed zoning information and development guidelines are available upon request. This is a rare chance to acquire a significant land holding in a thriving area of Phoenix.

    Property Features for 1500 Greenway Pkwy

    General Information

    Property type
    Land
    Lot Size
    196,020 SF

    HighLights

    • 4.5‑acre commercial land parcel in Phoenix, AZ, at 1500 E Greenway Pkwy, 85022.
    • IND‑PK zoning allows for various commercial uses.
    • Located near Bell Towne Center and Moon Valley Towne Center.
    • Asking price: $3,500,000.
    • Height restrictions apply.
    Property Profile Location Intelligence

    Current Use by Public Records

    Divine Idea Book ... Book Store Unity of Phoenix Spiritual ... Church MyBodyBalanced Wellness Program Arizona Language Preparatory ... Private School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.048692
    Latitude
    33.6366196

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    FAQs

    What type of property is this?
    Land - 4.5-Acre Commercial Lot, $3.5M
    Where is this land located?
    The property is located at 1500 Greenway Pkwy Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 4.5-acre commercial land parcel in Phoenix, AZ, at 1500 E Greenway Pkwy, 85022.; IND-PK zoning allows for various commercial uses.; Located near Bell Towne Center and Moon Valley Towne Center.
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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
    1500 Greenway Pkwy Phoenix, AZ 85022
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