Property profile

3202 E Greenway Rd Phoenix, AZ 85032

FOR SALE
Strip malls
Property ID
US07-1288070
10,720 SF 13.02 ac lot Built 1988
Entity Owned 6-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Gym & Fitness Center
  • Training Center Sports School
  • Training Center Sports School
  • Restaurant

Location

3202 E Greenway Rd Phoenix, AZ 85032
Phoenix metro Census 103303 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
$4.93M
Blend (final) Blend
$4.67M

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2017
Price N/A
2016
$40,000
2015
$23.1M
2015
$95,000
2005
$33.0M
2000
$18.0M

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Commercial (general) $7.5M +173.6%
Restaurant $5.7M +109.8%
Auto repair, garage $4.5M +66.0%

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?”
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