654 Camelback Rd Phoenix, AZ 85013
- Commercial real estate
- 1,914 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 654 Camelback Rd
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 0.11 lot acres
- Property size
- 1,914 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 162-26-007B
- APU
- 16226007B
Description
This exceptional 0.11-acre commercial land parcel, located at 654 W Camelback Rd in Phoenix, Arizona (APN 162-26-007B), presents a unique investment opportunity. Zoned C-2 Intermediate Commercial, this strategically positioned lot offers significant potential for development. Its prime location along the Camelback Road corridor ensures high visibility and accessibility, benefiting from heavy commuter and local traffic. The property is situated near major thoroughfares, including Central Avenue and 7th Avenue, providing convenient access to a wide range of commercial services, public transportation, and community amenities. The area boasts strong appeal for retail, commercial, and residential uses, and is experiencing anticipated growth due to its proximity to a light rail extension. Adjacent to a large apartment building currently under construction, this lot is ideally suited for a variety of commercial ventures. The property is available for sale at $375,000 or for lease (ground lease). The area's evolving "Walkable Urban" zoning, influenced by the light rail expansion, allows for up to five stories in new construction along the corridor, further enhancing the property's development potential. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area of Phoenix.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.081
- Latitude
- 33.5096
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA