8625 Olive Ave Peoria, AZ 85345

Property Details for 8625 Olive Ave

Year built

1968

Lot size

1.46 lot acres

Property type

Commercial real estate

Description

This exceptional 1.46-acre property located at 8625 W OLIVE Avenue in Peoria, Arizona, presents a unique investment opportunity. Currently configured as a religious facility, the property offers significant potential for expansion and redevelopment. The expansive lot provides ample space for various commercial ventures, allowing for significant growth and adaptation to suit a wide range of business needs. The existing structure, while currently used as a place of worship, could be repurposed or renovated to accommodate a diverse array of commercial uses, subject to necessary permits and approvals. The versatility of the property makes it an attractive option for entrepreneurs and investors seeking a substantial footprint in a desirable location. A key advantage is the availability of an adjacent lot (MLS#6802658) also for sale, offering the potential to nearly double the land area to almost 3 acres. The sellers are open to selling both properties together, presenting a compelling opportunity to acquire a significantly larger parcel of land in a prime Peoria location. This presents a rare chance to secure a substantial holding with considerable development potential in a thriving Arizona market. The property's location in Peoria offers easy access to major transportation routes, amenities, and a growing population base. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property. Further details regarding zoning regulations and permitted uses are readily available through the appropriate channels.

Location Insight

City

Peoria

County

Maricopa

State

Arizona

Longitude

-112.2427

Latitude

33.56591