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    FOR LEASE
    Strip malls

    3031 W Van Buren St, Phoenix, AZ 85009

    11,020 SF 3.21 ac lot Built 1974
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US07-0766753
    Property summary
    AI-generated overview

    This exceptional 2-acre commercial land parcel, located at 3031 W Van Buren St, Phoenix, AZ 85009 (APN 109-36-060A), presents a unique investment opportunity. Situated in a rare City of Phoenix C-3 zoning district, this property allows for a wide range of intensive commercial uses. The site is conveniently located within a Difficult Development Area (DDA), offering significant advantages for LIHTC developers, including a 30% basis boost in qualified costs. Its strategic location provides easy access to major transportation arteries, including Interstate 10 (1 mile), Interstate 17 (2 miles), and Loop 202 (3 miles), as well as Phoenix Sky Harbor International Airport (11.7 miles, approximately 20-minute drive). A Valley Metro Phoenix Transit Bus stop is directly in front of the property. The property includes a former mobile home park (approximately 2 acres) that requires separate permitting for sale or development; a retail building (11,020 sq ft) is not included in this offering. Permitted uses under the C-3 zoning include, but are not limited to, self-service storage warehouses, multifamily residential (subject to General Plan Map designation and specific requirements), and other non-single-family residential uses. Detailed zoning information is available upon request. This property offers substantial potential for developers seeking a prime location with significant development flexibility.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1974
    Construction CONCRETE
    Total area 11,020 SF
    Lot 3.21 ac (139,828 SF)
    Zoning code C-3
    APN 109-36-060A
    UPID US07-0766753
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hello Communications Mobile Phone Store Electronics & Wireless Store
    • Amazon Locker - Ronald Postal Service Courier Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Sunshine Arizona LLC
    Sunshine Arizona LLC
    since 2025
    Last sale
    $1.0M
    7 recorded transactions
    2025
    $1.0M
    2014
    $790,000
    2011
    2007
    2007
    1999
    1997
    $850,000
    Zoning & alternative use
    C-3 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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