Property profile

1920 Bell Rd Phoenix, AZ 85023

OFF-MARKET
Turn key restaurants
Property ID
US07-3455648
4,579 SF 1.04 ac lot Built 1994
Entity Owned 19-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Exceptional opportunity to acquire a 1.04-acre commercial land parcel ideally situated at 1920 W Bell Rd, Phoenix, AZ 85023. This 45,433 square foot site boasts prime visibility and accessibility, featuring frontage on Bell Road, a major retail artery in Metro Phoenix with over 60,000 vehicles passing daily. The property's strategic location is less than a mile east of I-17 and two miles south of Highway 101, ensuring regional draw and high traffic counts. Further enhancing its desirability is its proximity to significant commercial and retail anchors, including Kohl's, Walmart Supercenter, Sam's Club, WinCo Foods, and Bell Road Toyota. The property also benefits from its location on 19th Avenue, a major north/south artery with 26,926 vehicles per day. Adding to its long-term potential is its adjacency to the proposed Bell 17 Business Park, a development encompassing over 800,000 square feet of industrial and office space. This property presents a rare chance to establish a thriving business in a high-demand location within a thriving commercial corridor. The asking price for this exceptional opportunity is $2,500,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Construction STEEL FRAME
Total area 4,579 SF
Lot 1.04 ac (45,433 SF)
Zoning code C-C
APN 208-07-348
UPID US07-3455648

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant
  • Restaurant
  • Medical Supply Store Medical Technology Manufacturer
  • Condominium Complex
  • Tech Support Center Rental Equipment Company

Location

1920 Bell Rd Phoenix, AZ 85023-3302
Phoenix metro Census 618600 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.99M
Blend (final) Blend
$1.99M

Owner & transaction history

since 2006
5 recorded transactions
2006
$2.0M
1993
$1.0M
1993
$455,000
1993
$413,982
1993
Price N/A

Zoning & alternative use

C-C · Phoenix, AZ
Top alternative use upside
Commercial (general) $3.2M +30.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1920 Bell Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message