0 Cave Crk Rd Carefree, AZ 85377
This exceptional 1.84-acre commercial land parcel presents a unique investment opportunity in the desirable Carefree, Arizona market. Located at the prominent corner of Cave Creek Road and Bloody Basin Road, this property boasts excellent visibility and accessibility. The lot offers substantial frontage on Cave Creek Road, measuring approximately 323 feet along the main road and 281 and 202 feet on the northeast side. Its strategic location is just west of Pima Road and a half-mile east of Scottsdale Road (Tom Darlington Drive), placing it within easy reach of the Cave Creek Town Center and major transportation arteries like I-17 and Loop 101. The property is zoned Commercial (C), allowing for a variety of development options, including retail, office, and potentially residential or multi-family uses, subject to approval from the Town of Carefree. Utilities, including power, water, sewer, and gas, are conveniently located on-site. This is the first commercially zoned property on Cave Creek Road in Carefree, making it a truly rare and highly sought-after opportunity. The asking price is $1,575,000, translating to a land value of $19.65 per square foot. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Arizona community.
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.