Property profile

2900 Sonoran Desert Dr Phoenix, AZ 85085

OFF-MARKET
Land
5 ac lot
Saved · see the list in your Dashboard

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

Location

2900 Sonoran Desert Dr Phoenix, AZ 85085
Phoenix metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2900 Sonoran Desert Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message