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Property profile & analytics
OFF-MARKET
Land

0 196Th St Queen Creek, AZ 85142

1.67 ac lot
Property ID
Property summary
AI-generated overview

This 1.67-acre commercial land parcel, located at the intersection of Rittenhouse Rd and 196th St in Queen Creek, Arizona (APN 304-61-032-U), presents a unique development opportunity. Zoned R1-43, the property boasts convenient access to key infrastructure and amenities. Its strategic position offers easy access to the ASU Polytechnic Campus, the future ASU Research Park, Phoenix-Mesa Gateway Airport, and the Pecos Advanced Manufacturing area. A significant advantage is the property's proximity to the Union Pacific Rail Line, providing potential logistical benefits for various commercial ventures. The asking price is $430,000. This property is being offered at a public auction scheduled for March 4, 2024, at 10:00 AM at the FCD admin building. This represents a prime opportunity to acquire commercial land in the rapidly expanding Queen Creek market. The property's size and location make it suitable for a variety of commercial developments, capitalizing on the area's growth and strategic connectivity. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

Property profile
Verified
Property type Land
Lot 1.67 ac (72,745 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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