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    Property profile & analytics
    FOR SALE
    Strip malls

    3202 E Greenway Rd, Phoenix, AZ 85032

    10,720 SF 13.02 ac lot Built 1988
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US07-1288070
    Property summary
    AI-generated overview

    This exceptional 33,323 square foot retail pad site presents a unique opportunity for businesses seeking high visibility and accessibility. Located at the northeast corner of 32nd Street and Greenway Road in Maricopa County, this property boasts a prime location with significant traffic volume. The site offers a total of 33,323 square feet of land, currently vacant and available for lease or sale. The property is ideally suited for build-to-suit development, allowing for complete customization to meet specific business needs. Its strategic position just west of the SR-51 Freeway ensures exceptional exposure to over 75,000 vehicles daily, guaranteeing high traffic counts and significant brand visibility. This is a rare opportunity to establish a prominent presence in a thriving commercial area. The property is classified as a shopping center with multiple tenancy potential, making it suitable for a variety of retail concepts. The expansive lot size provides ample space for development, parking, and landscaping. This location offers unparalleled access and visibility, making it an ideal investment for long-term growth and success. Interested parties are encouraged to inquire about leasing or purchasing options for this exceptional retail pad. The property is ready for immediate development.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1988
    Construction CONCRETE
    Total area 10,720 SF
    Lot 13.02 ac (567,325 SF)
    Zoning code C-2
    APN 214-35-224A
    UPID US07-1288070
    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
    • Freeway Insurance Insurance Agency
    • Planet Fitness Gym & Fitness Center
    • One Love Grappling Arts Training Center Sports School
    • Lee's ATA Martial Arts Training Center Sports School
    • Country Boys Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.93M
    Blend (final) Blend
    $4.67M
    Owner & transaction history
    Ap Capital Holdings LP · 6 yrs held
    Ap Capital Holdings LP
    since 2019
    7 recorded transactions
    2019
    2017
    2016
    $40,000
    2015
    $23.1M
    2015
    $95,000
    2005
    $33.0M
    2000
    $18.0M
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $7.5M +173.6%
    Restaurant $5.7M +109.8%
    Auto repair, garage $4.5M +66.0%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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