59th Ave. & Elliot Rd Laveen, AZ 85339
This exceptional 108,784 square foot commercial land parcel presents a unique investment opportunity in Laveen, Arizona. Located at the northeast corner of 59th Avenue and Elliot Road, this property benefits from a highly desirable location directly adjacent to the Elliot Road off-ramp of the new South Mountain 202 Freeway. The site is zoned C-1 by the City of Phoenix, allowing for a variety of retail and mixed-use developments. This is the first privately held corner on the north side of Elliot Road, with the Arizona Department of Transportation owning all land between this parcel and the freeway, ensuring unobstructed visibility and accessibility. The property's strategic location is further enhanced by its proximity to Vita Communities, a new development featuring 249 single-family rental homes. High traffic counts support the potential for significant commercial success: The South Mountain Freeway boasts approximately 41,325 vehicles per day, while West Elliot Road and South 59th Avenue see approximately 11,014 and 11,074 vehicles per day respectively (Source: ESRI). This prime location, coupled with the high traffic volume and adjacent residential community, makes this parcel an exceptional opportunity for developers seeking high-impact commercial development in a rapidly growing area. The property is situated in Maricopa County, Arizona, with a Laveen address and 85339 zip code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.