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    4816 Carefree Hwy Cave Creek, AZ 85331

    For Sale
    $2,200,000

    ±57,102 SF Land, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 57,102 square foot commercial land parcel presents a rare opportunity for development in the thriving Cave Creek, Arizona market. Located at the highly visible intersection of East Carefree Highway and North 48th Street, this property boasts a prime location directly across from a Fry's and Home Depot anchored center, ensuring high traffic visibility and accessibility. The site is fully engineered and construction-ready, eliminating significant pre-development hurdles. Approved plans allow for approximately 8,950 square feet of retail shop space, catering to a variety of commercial uses. The property is zoned CB (Commercial Buffer), providing flexibility for development while maintaining the character of the surrounding area. The asking price is $2,200,000. This is one of the few remaining new construction shop space opportunities in Cave Creek, offering a unique chance to establish a significant commercial presence in a desirable and rapidly growing community. Important note: Drive-thru and automotive uses are not permitted. This property is offered for sale by owner. Act quickly to secure this exceptional investment opportunity.

    Property Features for 4816 Carefree Hwy

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.97742940236
    Latitude
    33.799217803871

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    FAQs

    What type of property is this?
    Land - ±57,102 SF Land, Ready to Build
    Where is this land located?
    The property is located at 4816 Carefree Hwy Cave Creek, AZ.
    What is the asking price?
    The asking price for this property is $2,200,000.
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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
    4816 Carefree Hwy Cave Creek, AZ 85331
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