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    8941 Black Canyon Hwy Phoenix, AZ 85021

    Sponsored
    For Lease
    $40 SF/Yr

    Restaurant/Retail Space Available. High Traffic.

    Lot size:
    7,458 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity encompasses 7,458 square feet within a single-story building situated on a 1.74-acre lot in Maricopa County. Currently, 4,433 square feet of space is available, divisible to a minimum of 1,500 square feet, with a maximum contiguous space of 4,433 square feet. The property boasts a highly desirable location at the hard corner of I-17 and Dunlap Road, benefiting from exceptional visibility and access to over 188,963 cars per day. This location is part of a larger 65-acre redevelopment project, "The Village," a planned $850 million mixed-use development featuring 2,600 multifamily units, 150,000 square feet of commercial space, and a hotel. The property is zoned commercial (APN: 158-01-001A) and was renovated in 2024. The high-density area surrounding the property includes over 459,000 people within a 5-mile radius, ensuring a substantial customer base. This space is ideal for a variety of retail or restaurant uses and presents a unique opportunity to be part of a thriving, rapidly developing community. Contact us for pricing and to schedule a showing.

    Property Features for 8941 Black Canyon Hwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,458 SF
    Total Rate
    24860

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Space 1
    Size
    4,433 SF
    Rate per SF
    $50

    HighLights

    • Retail property totaling 7,458 square feet.
    • 4,433 square feet of vacant space available for lease.
    • Located on a 1.74‑acre lot at a hard corner on Dunlap Road and I‑17, with over 188,963 cars passing daily.
    • Property is part of a major $850 million redevelopment project, "The Village," including 2,600 multifamily units and 150,000 square feet of commercial space.
    • Situated in a high‑density area with over 459,000 people within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.116354
    Latitude
    33.5670838

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    FAQs

    What type of property is this?
    Retail property - Restaurant/Retail Space Available. High Traffic.
    Where is this retail property located?
    The property is located at 8941 Black Canyon Hwy Phoenix, AZ.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 7,458 square feet.; 4,433 square feet of vacant space available for lease.; Located on a 1.74-acre lot at a hard corner on Dunlap Road and I-17, with over 188,963 cars passing daily.
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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
    8941 Black Canyon Hwy Phoenix, AZ 85021
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