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Property profile & analytics

1602 Roosevelt St Phoenix, AZ 85006-3637

  • Grocery and convenience stores
  • 91,303 SF
  • 8.78 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US07-1357309
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • AALL Insurance / Auto Insurance Agency / Insurance Agency
  • Camila Fashion / Clothing Store
  • First Convenience Bank / Bank / Atm
  • DVDXpress @ Ranch Market / Movie Rental Kiosk
  • Cricket Wireless Authorized Retailer / Cell Phone Store

Property Details for 1602 Roosevelt St

Year built
1972
Construction
CONCRETE
Lot size
8.78 lot acres
Property size
91,303 SF
Zone code
PSC
Property type
Grocery and convenience stores
APN
116-15-092B
APU
11615092B

Description

This exceptional opportunity presents rare ground lease pads situated at the high-traffic intersection of 16th Street and Roosevelt in Phoenix, Arizona (85006). The property boasts a prominent location near Downtown Phoenix and the I-10 freeway, benefiting from a substantial daily traffic volume of 40,000 vehicles. The site is anchored by a Los Altos Ranch Market grocery store, creating a strong retail environment. Available pad sizes range from 0.25 acres to 1.68 acres, offering flexibility for various commercial uses. Ideal for businesses such as drive-through restaurants, coffee shops, or auto services, these pads represent a unique chance to establish a presence in a dense urban infill market. The property is classified as retail land with single tenancy and is located in Maricopa County. This is a ground lease opportunity. The precise acreage and lease terms are available upon request. Don't miss this chance to secure a prime location in a thriving Phoenix neighborhood. Contact us today to learn more about this exceptional investment opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.046
Latitude
33.4596
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$217,398
$0.00
$0.00
$2,344,040
-
$4,261,200
$9,945,100
$14,206,300
More about this property
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