0 Loop 202 & Baseline Rd Avondale, AZ 85339
This exceptional 20.9-acre commercial land parcel presents a unique investment opportunity in Laveen, Arizona. Strategically located at the southwest corner of Loop 202 and Baseline Road, this site boasts unparalleled visibility and accessibility, with nearly 146,000 vehicles passing daily. The C-2 HGT/WVR DNS/WVR zoning permits multifamily development, utilizing pre-approved site plans and elevations, making this a turnkey project. The property's prime location offers immediate proximity to thriving retail centers, including Sprouts, T.J. Maxx, Michaels, ALDI, and a planned Harkins Theatres, ensuring high consumer traffic and strong demand. Further enhancing its value, Banner Health's recent land acquisition nearby suggests the potential for a new hospital campus, driving further population growth and economic activity. The area's robust demographics include over 200,000 employees within a 10-mile radius and a median household income exceeding $76,000, indicating a strong consumer base. Future development plans for retail and employment in the immediate vicinity will further increase daytime employment and fuel the demand for housing, solidifying this land's long-term investment potential. The limited availability of future multifamily zoning creates a strong barrier to entry, making this a rare and highly desirable opportunity. The property's address is S/SWC Loop 202 & Baseline Rd, Laveen, AZ 85339.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.