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    OFF-MARKET
    Neighborhood centers

    0 Nec Ray Rd & 48 St, Phoenix, AZ 85044

    313,104 SF Built 1990
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located in the thriving Ahwatukee neighborhood of Phoenix, Arizona, at the highly visible intersection of Ray Road and 48th Street. Foothills Park Place is a five-building, 313,104 square foot strip center built in 1990, situated on a spacious 10.02-acre lot. Currently, there is one vacant retail space of 1,200 square feet available, perfect for a variety of businesses. The property boasts a modern paint scheme and multiple fascia signs facing Ray Road and 48th Street, ensuring high visibility and brand recognition. Its strategic location just off Interstate 10 and Ray Road guarantees significant traffic counts. The center benefits from being part of a busy neighborhood shopping center within one of Metro Phoenix's strongest submarkets, offering access to an affluent customer base. This property presents a unique chance to establish a presence in a high-traffic, well-established retail center in a desirable area. The total building square footage is 313,104 square feet, with 2,400 square feet currently vacant. The property is located in Maricopa County, Arizona, with a zip code of 85044. This is an excellent investment opportunity in a prime location.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 1990
    Total area 313,104 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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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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