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    Nec Ray Rd & 48 St Phoenix, AZ 85044

    Sponsored
    For Lease
    Contact for pricing

    Phoenix Retail Strip Center, 1 Space Available

    Lot size:
    313,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located in the thriving Ahwatukee neighborhood of Phoenix, Arizona, at the highly visible intersection of Ray Road and 48th Street. Foothills Park Place is a five-building, 313,104 square foot strip center built in 1990, situated on a spacious 10.02-acre lot. Currently, there is one vacant retail space of 1,200 square feet available, perfect for a variety of businesses. The property boasts a modern paint scheme and multiple fascia signs facing Ray Road and 48th Street, ensuring high visibility and brand recognition. Its strategic location just off Interstate 10 and Ray Road guarantees significant traffic counts. The center benefits from being part of a busy neighborhood shopping center within one of Metro Phoenix's strongest submarkets, offering access to an affluent customer base. This property presents a unique chance to establish a presence in a high-traffic, well-established retail center in a desirable area. The total building square footage is 313,104 square feet, with 2,400 square feet currently vacant. The property is located in Maricopa County, Arizona, with a zip code of 85044. This is an excellent investment opportunity in a prime location.

    Property Features for 0 Nec Ray Rd & 48 St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    313,104 SF

    Building Details

    Year Built
    1990
    Buildings
    5

    Unit(s) available at that property

    Space
    A-03
    Size
    1,200 SF

    HighLights

    • I‑10 and Ray Road visibility.
    • Fresh paint and updated aesthetics.
    • High‑traffic shopping center in a busy area.
    • Prominent signage on Ray Road and 48th Street.
    • Excellent traffic counts.
    • Desirable Ahwatukee location, a top Phoenix submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9804518
    Latitude
    33.3199251

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    FAQs

    What type of property is this?
    Neighborhood center - Phoenix Retail Strip Center, 1 Space Available
    Where is this neighborhood center located?
    The property is located at Nec Ray Rd & 48 St Phoenix, AZ.
    What are key features of this property?
    This property features: I-10 and Ray Road visibility.; Fresh paint and updated aesthetics.; High-traffic shopping center in a busy area.
    Request Owner's contact information
    Nec Ray Rd & 48 St Phoenix, AZ 85044
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    Phoenix, AZ 85044
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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
    Nec Ray Rd & 48 St Phoenix, AZ 85044
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