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    83rd Ave & Olive Ave Peoria, AZ 85345

    For Lease
    Contact for pricing

    One Acre Retail Pad, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional one-acre retail pad, zoned PAD City of Peoria in Maricopa County, Arizona, presents a unique investment opportunity. Located at the strategic intersection of 83rd Avenue and Olive Avenue, zip code 85345, this property offers unparalleled visibility and accessibility. Currently, one retail space is available for lease on this site. The property benefits from a dynamic and rapidly developing surrounding area. A significant residential expansion is underway, including a planned 275-unit multi-family complex directly adjacent and 76 single-family homes diagonally across. Further enhancing the area's appeal is a 153-unit multi-family complex currently under construction across Olive Avenue. This robust residential growth creates a substantial and immediate customer base for any retail establishment. The location also enjoys proximity to Pioneer Community Park and Pioneer Lake, providing recreational amenities and attracting residents and visitors alike. The strong employment base to the east and dense residential area to the west ensure consistent foot traffic and a thriving commercial environment. This prime retail pad offers exceptional potential for growth and return on investment in a rapidly expanding community. Don't miss this chance to secure a prominent position in Peoria's thriving retail market.

    Property Features for 83rd Ave & Olive Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Ac pad
    Size
    0 SF

    HighLights

    • Less than one mile from US‑60 (Grand Avenue) and just over one mile from Loop 101.
    • Adjacent 275‑unit multifamily development planned.
    • 76 single‑family homes planned diagonally across the street.
    • 153‑unit multifamily complex under construction across Olive Avenue.
    • Near Pioneer Community Park and Pioneer Lake.
    • Strong employment base to the east.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.2376499
    Latitude
    33.5664969

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    FAQs

    What type of property is this?
    Retail property - One Acre Retail Pad, High-Growth Area
    Where is this retail property located?
    The property is located at 83rd Ave & Olive Ave Peoria, AZ.
    What are key features of this property?
    This property features: Less than one mile from US-60 (Grand Avenue) and just over one mile from Loop 101.; Adjacent 275-unit multifamily development planned.; 76 single-family homes planned diagonally across the street.
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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
    83rd Ave & Olive Ave Peoria, AZ 85345
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