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    73Rd Ave Peoria, AZ 85383

    Sponsored
    For Sale
    $2,000,000

    5 Acres, R-43 Zoning, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5-acre commercial land parcel in Peoria, Arizona, presents a unique investment opportunity. Located in a highly desirable area near Happy Valley Road, this property boasts stunning mountain views and is surrounded by million-dollar homes, offering significant development potential. The R-43 zoning allows for a variety of uses, and the parcel has the potential to be subdivided into five individual lots, maximizing its value. The property's convenient location provides quick access to numerous amenities in the North Valley, including Lake Pleasant (23 minutes), Thunderbird Conservation Park (8 minutes), and Westgate (20 minutes). The address is 0 N 73rd Avenue, Peoria, AZ 85383, with a Maricopa County APN of 201-13-048. The asking price is $2,000,000, translating to $400,000 per acre. This represents a compelling opportunity to acquire a prime piece of land in a thriving community, offering both immediate and long-term investment potential. The lot size falls within the 5-9.99 acre range. This property offers the best of both worlds – a tranquil setting with easy access to urban conveniences.

    Property Features for 0 73Rd Ave

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre commercial land parcel in Peoria, AZ, near Happy Valley Road.
    • Stunning mountain views, surrounded by million‑dollar homes.
    • R‑43 zoning allows for diverse uses, potential for five individual lots.
    • Convenient access to Lake Pleasant, Thunderbird Conservation Park, and Westgate.
    • Address: 0 N 73rd Avenue, Peoria, AZ 85383; APN: 201‑13‑048.
    • $2,000,000 asking price ($400,000/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.21616485583
    Latitude
    33.70528738024

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    FAQs

    What type of property is this?
    Land - 5 Acres, R-43 Zoning, Excellent Location
    Where is this land located?
    The property is located at 73Rd Ave Peoria, AZ.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 5-acre commercial land parcel in Peoria, AZ, near Happy Valley Road.; Stunning mountain views, surrounded by million-dollar homes.; R-43 zoning allows for diverse uses, potential for five individual lots.
    Request Owner's contact information
    73Rd Ave Peoria, AZ 85383
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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
    73Rd Ave Peoria, AZ 85383
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