Loop 202 & Baseline Rd Phoenix, AZ 85339
- Retail properties
- 2,300 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Loop 202 & Baseline Rd
- Property size
- 2,300 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional Laveen, Arizona property, located at the intersection of S/SEC Loop 202 and Baseline Road (zip code 85339), offers a unique investment opportunity. The site boasts a prime location with high visibility and accessibility, situated adjacent to the South Mountain Loop 202 Freeway and a full-diamond Baseline Road interchange, experiencing nearly 146,000 vehicles daily. The property's zoning permits multi-family development, utilizing pre-approved site plans and elevations, presenting a significant advantage in a market with limited future multi-family zoning availability. This creates a strong barrier to entry for competitors. The site is directly across the freeway from thriving retail establishments, including Sprouts Farmers Market, T.J. Maxx, Michaels, Aldi, a planned Harkins Theater, and numerous other shops and restaurants. Further enhancing the property's value is the recent land acquisition by Banner Health just north of the site, indicating the potential for a new hospital campus. The area boasts a robust workforce, with over 200,000 employees within a 10-mile radius and median household incomes exceeding $76,000. Planned future developments in retail and employment will further increase daytime employment and fuel demand for housing and multi-family units. The available space ranges from 2,300 to 6,000 square feet, making it suitable for a variety of development options. This property presents a rare opportunity to capitalize on the significant growth and development potential of this rapidly expanding area.
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
- -112.095
- Latitude
- 33.2917
