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    Nnec I-17 & Peoria Phoenix, AZ 85029

    For Sale
    $725,000

    54,973 SF I-17 & Peoria Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 54,973 square foot commercial land parcel presents a unique investment opportunity in Phoenix, Arizona. Located at the intersection of I-17 and Peoria, this property boasts convenient access to a major freeway, ensuring high visibility and easy transportation for businesses. The zoning is designated A-1 (Light Industrial), offering flexibility for a variety of commercial uses. The asking price is $725,000. This strategic location benefits from proximity to the Metrocenter Mall, currently undergoing a significant redevelopment into a large mixed-use project. This revitalization is expected to generate increased traffic and enhance the overall value of the surrounding area, including this prime parcel. The property sits within Maricopa County, Arizona, zip code 85029, and is situated in a densely populated area with approximately 390,000 people nearby. This makes it an ideal location for businesses seeking high visibility and access to a substantial consumer base. The expansive lot size provides ample space for development, making it suitable for a range of commercial ventures. Serious inquiries are encouraged to explore the potential of this exceptional property.

    Property Features for 0 Nnec I-17 & Peoria

    General Information

    Property type
    Land

    HighLights

    • Proximity to the redeveloping Metro Center Mall, increasing area traffic.
    • Excellent I‑17 freeway access.
    • High population density of approximately 390,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1167257
    Latitude
    33.5965066

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    FAQs

    What type of property is this?
    Land - 54,973 SF I-17 & Peoria Lot
    Where is this land located?
    The property is located at Nnec I-17 & Peoria Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Proximity to the redeveloping Metro Center Mall, increasing area traffic.; Excellent I-17 freeway access.; High population density of approximately 390,000.
    Request Owner's contact information
    Nnec I-17 & Peoria Phoenix, AZ 85029
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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
    Nnec I-17 & Peoria Phoenix, AZ 85029
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