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    Carefree Hwy Phoenix, AZ 85086

    For Sale
    $1,746,000

    3.96 Acres, Stunning Views, R-43 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.96-acre commercial land parcel in Phoenix, Arizona, presents a unique investment opportunity. Located at 0 E Carefree Hwy, with APN 211-74-003, this property boasts breathtaking mountain views and significant frontage on Carefree Highway, ensuring high visibility and accessibility. Zoned R-43, the land offers considerable flexibility for development, accommodating various projects, including multiple residential homes, a single large estate, or a commercial venture. The asking price is $1,746,000, translating to approximately $440,909.09 per acre. The property's size is substantial, with an approximate total square footage of 172,541. Situated in Maricopa County, with a Phoenix, AZ 85086 zip code, this location provides convenient access to major transportation routes and amenities. The property's versatility and prime location make it an ideal investment for discerning buyers seeking a high-impact development opportunity in a desirable area. This is a rare chance to acquire a large, well-positioned parcel with significant potential for future growth and return. Don't miss this chance to secure this exceptional piece of land.

    Property Features for 0 Carefree Hwy

    General Information

    Property type
    Land
    Lot Size
    172,498 SF

    HighLights

    • 3.96‑acre commercial land parcel in Phoenix, AZ.
    • Located at 0 E Carefree Hwy, APN 211‑74‑003, with mountain views and Carefree Highway frontage.
    • R‑43 zoning allows for residential or commercial development.
    • $1,746,000 asking price ($440,909.09/acre).
    • 172,541 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.073772
    Latitude
    33.7997041

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    FAQs

    What type of property is this?
    Land - 3.96 Acres, Stunning Views, R-43 Zoning
    Where is this land located?
    The property is located at Carefree Hwy Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,746,000.
    What are key features of this property?
    This property features: 3.96-acre commercial land parcel in Phoenix, AZ.; Located at 0 E Carefree Hwy, APN 211-74-003, with mountain views and Carefree Highway frontage.; R-43 zoning allows for residential or commercial development.
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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
    Carefree Hwy Phoenix, AZ 85086
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