101 56Th St Phoenix, AZ 85054
- Mixed-use properties
- 8.00 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 101 56Th St
- Lot size
- 8.00 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 8-acre site sits at the northwest corner of Loop 101 Freeway and 56th Street in Phoenix, Arizona, boasting unparalleled visibility and access. Located within the rapidly expanding Desert Ridge commercial core, projected to add 80,000-100,000 jobs over the next two decades, this property presents a unique investment opportunity. The area is rich with amenities, including the Desert Ridge Marketplace (1.2 million square feet), High Street (a 628,000 square foot mixed-use development), and the under-construction City North (a 96.5-acre development featuring significant office space, a hotel, and restaurants). The site benefits from frontage and high visibility along the Loop 101 Freeway, currently undergoing expansion, ensuring excellent exposure. The property offers a fee simple interest and a full diamond interchange, providing convenient access via City North Drive and 56th Street. Current entitlements allow for 142,000 square feet of retail, 490,000 square feet of office space, and 136 hotel keys, with entitlements for 118 residential units currently in process. A potential building height of 140 feet further enhances development potential. This is a truly remarkable opportunity to capitalize on the explosive growth of the Desert Ridge area. The zip code is 85054.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.953
- Latitude
- 33.6647
