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Commercial

2.21 Acres Near I-17 & W Jomax Road

N 27th Ave, Phoenix, AZ 85085

Listing Price: Request For Offer

Lot Size
2.21 acres
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 2.21-acres north of the NWC of W. Jomax Road & N. 27th Avenue. The property is surrounded by a mix of single family and multifamily residential and commercial properties. A new Frye’s Food and Drug anchored retail center recently opened on the south side of W. Jomax Rd, and includes Chick-Fil-A, McDonalds, Sommeburros, Super Star Carwash, etc.

This fast growing area includes several large employers such as USAA Insurance, WL Gore & Associates, John C. Lincoln Hospital at Deer Valley, Scottsdale Healthcare Hospital, Phoenix FBI Field Office, American Express, Deer Valley Airport and Central Arizona Project headquarters. Additionally, several restaurants, shops and movie theaters are available in the Happy Valley and Deer Valley Town Centers, all within minutes of the property.

In December 2020, the Arizona State Land Department auctioned off 1,128 acres of State Trust land near the SWC of I-17 & West Carefree Highway. Taiwan Semiconductor Manufacturing Company, Ltd was the successful bidder and they plan to develop a $40 billion facility, which will eventually employee ± 1,600 when completed. The proposed facility is located 10 minutes from this ± 2.21 acre offering.

The property is located mile ± 770 feet east of I-17, 4 miles northeast of the Loop 101 Freeway, and 3 miles south of the Loop 303 Freeway providing quick and easy access around the valley. The area around the property has several planned and existing single family residential and multifamily developments, including Norterra, Sonoran Foothills, Dynamite Mountain Ranch and the new master planned Union Park development, which is located directly across from the subject property. Over the next few years approximately 3,000 homes are planned within a five-minute drive of the property.

This parcel has ± 330 feet of frontage on N. 27th Avenue and level topography. City Phoenix water and sewer are located in N. 27th Avenue and in close proximity to the site. All utility locations, access and treatment capacity are to be verified by buyer during due diligence. Seller will give qualified buyers reasonable time to pursue entitlements.

Investment Highlights

  • Growing Residential, Commercial and Employment Area
  • Close to Several Shopping and Recreational Opportunities
  • Quick and Easy Access to I-17, Loop 101 and Loop 303 Freeways
  • Average HH Income: $101k within a 3-Mile Radius

Exclusively Listed By

Financing By

Commercial

2.21 Acres Near I-17 & W Jomax Road

Listing Price: Request For Offer

Lot Size
2.21 acres
Land Type
Land

Investment Highlights

  • Growing Residential, Commercial and Employment Area
  • Close to Several Shopping and Recreational Opportunities
  • Quick and Easy Access to I-17, Loop 101 and Loop 303 Freeways
  • Average HH Income: $101k within a 3-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 2.21-acres north of the NWC of W. Jomax Road & N. 27th Avenue. The property is surrounded by a mix of single family and multifamily residential and commercial properties. A new Frye’s Food and Drug anchored retail center recently opened on the south side of W. Jomax Rd, and includes Chick-Fil-A, McDonalds, Sommeburros, Super Star Carwash, etc. This fast growing area includes several large employers such as USAA Insurance, WL Gore & Associates, John C. Lincoln Hospital at Deer Valley, Scottsdale Healthcare Hospital, Phoenix FBI Field Office, American Express, Deer Valley Airport and Central Arizona Project headquarters. Additionally, several restaurants, shops and movie theaters are available in the Happy Valley and Deer Valley Town Centers, all within minutes of the property. In December 2020, the Arizona State Land Department auctioned off 1,128 acres of State Trust land near the SWC of I-17 & West Carefree Highway. Taiwan Semiconductor Manufacturing Company, Ltd was the successful bidder and they plan to develop a $40 billion facility, which will eventually employee ± 1,600 when completed. The proposed facility is located 10 minutes from this ± 2.21 acre offering. The property is located mile ± 770 feet east of I-17, 4 miles northeast of the Loop 101 Freeway, and 3 miles south of the Loop 303 Freeway providing quick and easy access around the valley. The area around the property has several planned and existing single family residential and multifamily developments, including Norterra, Sonoran Foothills, Dynamite Mountain Ranch and the new master planned Union Park development, which is located directly across from the subject property. Over the next few years approximately 3,000 homes are planned within a five-minute drive of the property. This parcel has ± 330 feet of frontage on N. 27th Avenue and level topography. City Phoenix water and sewer are located in N. 27th Avenue and in close proximity to the site. All utility locations, access and treatment capacity are to be verified by buyer during due diligence. Seller will give qualified buyers reasonable time to pursue entitlements.

Exclusively Listed By

Financing By

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