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    59th Ave. & Elliot Rd Laveen, AZ 85339

    For Sale
    Contact for pricing

    Prime 108,784 SF commercial lot, ideal for retail development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 108,784 square foot commercial land parcel presents a unique investment opportunity in Laveen, Arizona. Located at the northeast corner of 59th Avenue and Elliot Road, this property benefits from a highly desirable location directly adjacent to the Elliot Road off-ramp of the new South Mountain 202 Freeway. The site is zoned C-1 by the City of Phoenix, allowing for a variety of retail and mixed-use developments. This is the first privately held corner on the north side of Elliot Road, with the Arizona Department of Transportation owning all land between this parcel and the freeway, ensuring unobstructed visibility and accessibility. The property's strategic location is further enhanced by its proximity to Vita Communities, a new development featuring 249 single-family rental homes. High traffic counts support the potential for significant commercial success: The South Mountain Freeway boasts approximately 41,325 vehicles per day, while West Elliot Road and South 59th Avenue see approximately 11,014 and 11,074 vehicles per day respectively (Source: ESRI). This prime location, coupled with the high traffic volume and adjacent residential community, makes this parcel an exceptional opportunity for developers seeking high-impact commercial development in a rapidly growing area. The property is situated in Maricopa County, Arizona, with a Laveen address and 85339 zip code.

    Property Features for 59th Ave. & Elliot Rd

    General Information

    Property type
    Land

    HighLights

    • 108,784 SF commercial land parcel in Laveen, AZ, at the northeast corner of 59th Ave & Elliot Rd.
    • Directly adjacent to the Elliot Road off‑ramp of the South Mountain 202 Freeway.
    • First privately held corner on the north side of Elliot Road, with unobstructed freeway visibility.
    • Adjacent to Vita Communities, a new 249‑unit single‑family rental development.
    • High traffic counts: South Mountain Freeway ~41,325 VPD, W. Elliot Rd ~11,014 VPD, S. 59th Ave ~11,074 VPD (Source: ESRI).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Laveen
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.186346
    Latitude
    33.3483808

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    FAQs

    What type of property is this?
    Land - Prime 108,784 SF commercial lot, ideal for retail development.
    Where is this land located?
    The property is located at 59th Ave. & Elliot Rd Laveen, AZ.
    What are key features of this property?
    This property features: 108,784 SF commercial land parcel in Laveen, AZ, at the northeast corner of 59th Ave & Elliot Rd.; Directly adjacent to the Elliot Road off-ramp of the South Mountain 202 Freeway.; First privately held corner on the north side of Elliot Road, with unobstructed freeway visibility.
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    59th Ave. & Elliot Rd Laveen, AZ 85339
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    Laveen, AZ 85339
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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
    59th Ave. & Elliot Rd Laveen, AZ 85339
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