83rd Ave & Olive Ave Peoria, AZ 85345
- Retail properties
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 83rd Ave & Olive Ave
- Lot size
- 1.00 lot acres
- Property type
- Retail properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.238
- Latitude
- 33.5665
