1929 Mcdowell Rd Phoenix, AZ 85006

Property Details for 1929 Mcdowell Rd

Lot size

1.44 lot acres

Property type

Commercial real estate

Description

This exceptional 1.44-acre commercial, residential, and industrial land parcel is ideally situated at the southwest corner of Highway 51 and McDowell Road in Phoenix, Arizona. Boasting 435 feet of McDowell Road frontage, this property presents a unique infill development opportunity within a designated Opportunity Zone and a 2023 qualified census tract. Its strategic location offers unparalleled accessibility, with proximity to major freeways (I-10 is half a mile south), downtown Phoenix, and Phoenix Sky Harbor International Airport (less than a 10-minute drive). The site's high visibility along Highway 51 allows for a prominent freeway monument sign (maximum 48" height). Furthermore, its location near major employers, including Banner-University Medical Center, Phoenix Children's Hospital, and Valleywise Health Medical Center, ensures a robust potential customer base. The McDowell Miracle Mile's ongoing development boom, featuring new multi-family residences, hotels, and businesses, further enhances the property's value and potential. The property is zoned C-2, offering flexibility for various uses, including quick-service restaurants, retail, multi-family housing, hospitality, and self-storage. Flexible deal structures are available, including build-to-suit, ground lease, joint venture, and outright sale. The asking price is $3,300,000. Parcel numbers are 116-13-116B, 116-13-121, 116-13-123, 116-13-125, 116-13-127, and 116-13-129. Walk Score: 72, Bike Score: 71, Transit Score: 44.