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    OFF-MARKET
    Land

    2900 Sonoran Desert Dr, Phoenix, AZ 85085

    5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5-acre commercial lot in Phoenix, Arizona, presents a unique development opportunity. Located at 2900 W Sonoran Desert Dr, 85085, in Maricopa County, this property boasts a C-2 zoning designation, allowing for a wide range of commercial uses. All off-site improvements are slated for completion in the second quarter of 2024, streamlining the development process. The property is approved for commercial development, including drive-thru facilities, and permits for on-site improvements are readily available. This versatile parcel offers the flexibility to purchase, lease, or build-to-suit, catering to diverse business needs. The parcel's size and zoning make it ideal for a variety of commercial ventures. Its strategic location in Phoenix provides excellent access to transportation networks and a thriving business community. The property's APN is 204-11-012. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing area, poised for significant future appreciation. Don't miss this chance to secure a foothold in Phoenix's dynamic commercial landscape.

    Property profile
    Verified
    Property type Land
    Lot 5 ac (217,800 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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    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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