0 Nec Ray Rd & 48 St, Phoenix, AZ 85044
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.
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
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No recorded transactions found for this property.
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Risks
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