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    51st Ave & Southern Ave Phoenix, AZ 85339

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    For Sale
    Contact for pricing

    3.45-acre C-2 zoned lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.45-acre parcel of land presents a compelling development opportunity in Phoenix, Arizona. Located at the intersection of 51st Avenue and Southern Avenue, this C-2 zoned property boasts a highly desirable location with exceptional visibility and accessibility. The site benefits from an average daily traffic count exceeding 49,000 vehicles, ensuring significant exposure for any development. Furthermore, the surrounding area demonstrates strong demographics, with average household incomes exceeding $130,000 within a one-mile radius. This infill location is strategically positioned adjacent to two recently constructed multi-family developments, indicating a thriving and growing community. The property's convenient access to the new Loop 202 freeway provides seamless connectivity throughout the Phoenix metropolitan area. Permitted uses include QSR/Fast Food, Restaurant, and Storefront establishments, making this a versatile site for a variety of commercial ventures. The property's APN is 104-74-659B, and it is situated in Maricopa County, Arizona, with a zip code of 85339. This prime location and zoning make this a rare and valuable opportunity for investors seeking high-impact development projects.

    Property Features for 51st Ave & Southern Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    150,282 SF

    HighLights

    • 3.45‑acre pads available.
    • High traffic count: over 49,000 vehicles daily at the intersection.
    • Affluent demographics: average household income over $130,000 within one mile.
    • Prime infill location with high density.
    • Adjacent to two new multi‑family developments.
    • Direct access to the new Loop 202 Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.16841928032
    Latitude
    33.392364854672

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    FAQs

    What type of property is this?
    Individual retail property - 3.45-acre C-2 zoned lot, high traffic area.
    Where is this individual retail property located?
    The property is located at 51st Ave & Southern Ave Phoenix, AZ.
    What are key features of this property?
    This property features: 3.45-acre pads available.; High traffic count: over 49,000 vehicles daily at the intersection.; Affluent demographics: average household income over $130,000 within one mile.
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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
    51st Ave & Southern Ave Phoenix, AZ 85339
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