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    654 Camelback Rd Phoenix, AZ 85013

    Sponsored
    For Sale
    $375,000

    Prime Phoenix location, C-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.11-acre commercial land parcel, located at 654 W Camelback Rd in Phoenix, Arizona (APN 162-26-007B), presents a unique investment opportunity. Zoned C-2 Intermediate Commercial, this strategically positioned lot offers significant potential for development. Its prime location along the Camelback Road corridor ensures high visibility and accessibility, benefiting from heavy commuter and local traffic. The property is situated near major thoroughfares, including Central Avenue and 7th Avenue, providing convenient access to a wide range of commercial services, public transportation, and community amenities. The area boasts strong appeal for retail, commercial, and residential uses, and is experiencing anticipated growth due to its proximity to a light rail extension. Adjacent to a large apartment building currently under construction, this lot is ideally suited for a variety of commercial ventures. The property is available for sale at $375,000 or for lease (ground lease). The area's evolving "Walkable Urban" zoning, influenced by the light rail expansion, allows for up to five stories in new construction along the corridor, further enhancing the property's development potential. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area of Phoenix.

    Property Features for 654 Camelback Rd

    General Information

    Property type
    Land
    Lot Size
    4,792 SF

    HighLights

    • Sale or ground lease available.
    • High‑visibility corner lot at 7th Avenue and Camelback Road.
    • C‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.081367
    Latitude
    33.509622

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    FAQs

    What type of property is this?
    Land - Prime Phoenix location, C-2 zoning.
    Where is this land located?
    The property is located at 654 Camelback Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Sale or ground lease available.; High-visibility corner lot at 7th Avenue and Camelback Road.; C-2 zoning.
    (480) 734-7878
    Request Owner's contact information
    654 Camelback Rd Phoenix, AZ 85013
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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
    654 Camelback Rd Phoenix, AZ 85013
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