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Retail

0.94 Acres @ 137th Ave & W Indian School Rd

13625 W Indian School Rd, Avondale, AZ 85037

Listing Price: $750,000

Lot Size
0.94 acres
Price/Acre
$797,872
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present this exclusive offering for the 0.94-acre site at the southeast corner of W Indian School Rd and 137th Ave in Avondale, AZ. The subject property has frontage on 3-sides with Indian School to the north, 137th Ave to the west and Plaza Circle to the south. It neighbors to a primary care physician on its east side. on the other side of the primary care practice is 9.93 acres of raw land, of which a self-storage facility is planned on the 2.28 acres on the far end. Additionally, there is a mixture of medical and professional offices in the immediate area. Occupancy shows to be at 100%.

Directly across Indian School Rd is the City of Litchfield Park with immediate developments consisting of attached and detached single-family residences. The boarder with the City of Goodyear lays ±0.5-miles west of the site. The convenient access to the I-10 (approx. 1.5 miles), Loop 101 (approx. 5 miles), and Loop 303 Freeways (approx. 4 miles) makes this location very accessible from outside the immediate community.

Minutes away is Estrella Mountain Community College (EMCC), which is one of ten Maricopa Community Colleges and the newest in the district. As a public community college in Avondale, Arizona, EMCC has been serving the Southwest Valley since 1990 and at the Avondale campus since 1992. "Located in the fastest growing region of the county, EMCC enrolls approximately 15,000 students annually and is planned to be a large comprehensive learning college of more than 40,000 students." (estrellamountain.edu/about) EMCC offers numerous associate degrees, university transfer partnerships, and multiple specialized certificate programs.

Located approximately a mile to the north is the historic and renowned Wigwam. Known for its resort, golf, and dining, The Wigwam celebrates nearly 95 years since opening in 1929 and has grown to feature 331 rooms, three signature dining venues, 54 holes of golf, three pools, and a 26,000-square-foot spa across 440 acres. In May of 2023, the Wigwam announced a $20 million renovation that began in the Spring and was completed in the Fall of 2023 with a fresh look and feel that still embodies The Wigwam's historic Southwestern charm and casual elegance.

The site is primarily positioned for new Retail or Medical development. It is zoned Palm Valley Planned Area Development (PAD) and allows for Community Commercial (C-2) uses.

Most desired from the city are neighborhood-serving uses that are walkable for area residents, including medical office uses, child care centers, sit-down restaurants, sidewalk cafes, wine bars, health and exercise centers, and specialty retail.

The strengths of the site and area make it ideal for new Retail or Mixed Use development or for
investment directed at long-term asset preservation purposes. The Wigwam brings great significance to the area and an upscale environment, while a growing community college to the immediate southwest of the site offers a huge demand potential for its uses. Complementing the site are a current population of ±89,280 within a 3-mile radius, ±197,128 in a 5-mile radius, that grew at an Annual Rate of 2.2% from 2010 to 2023 (3-mile), and a 1-mile average household income of $119,202.

Supporting the need for more retail are record low vacancies in the Valley with the Submarket (N Goodyear/Litchfield) for the subject property showing only a 1.8% Retail Vacancy Rate and low square feet currently Under Construction (64% less than a year prior).

The need for additional Medical space is also present where vacancy in the Medical Office
appears to be even lower with only 4 existing spaces currently available in a 2-mile radius.

Investment Highlights

  • Excellent Property Visibility site with road frontage on 3 sides
  • Dense Residential Area with a Current Population of 89,280 within a 3-mile radius and 197.128 in a 5-mile radius
  • High Population Growth Rate: A 3-mile Population Annual Growth Rate of 2.2% from 2010 to 2023

Exclusively Listed By

Retail

0.94 Acres @ 137th Ave & W Indian School Rd

Listing Price: $750,000

Lot Size
0.94 acres
Price/Acre
$797,872
Land Type
Land

Investment Highlights

  • Excellent Property Visibility site with road frontage on 3 sides
  • Dense Residential Area with a Current Population of 89,280 within a 3-mile radius and 197.128 in a 5-mile radius
  • High Population Growth Rate: A 3-mile Population Annual Growth Rate of 2.2% from 2010 to 2023

Investment Overview

Marcus & Millichap is pleased to present this exclusive offering for the 0.94-acre site at the southeast corner of W Indian School Rd and 137th Ave in Avondale, AZ. The subject property has frontage on 3-sides with Indian School to the north, 137th Ave to the west and Plaza Circle to the south. It neighbors to a primary care physician on its east side. on the other side of the primary care practice is 9.93 acres of raw land, of which a self-storage facility is planned on the 2.28 acres on the far end. Additionally, there is a mixture of medical and professional offices in the immediate area. Occupancy shows to be at 100%. Directly across Indian School Rd is the City of Litchfield Park with immediate developments consisting of attached and detached single-family residences. The boarder with the City of Goodyear lays ±0.5-miles west of the site. The convenient access to the I-10 (approx. 1.5 miles), Loop 101 (approx. 5 miles), and Loop 303 Freeways (approx. 4 miles) makes this location very accessible from outside the immediate community. Minutes away is Estrella Mountain Community College (EMCC), which is one of ten Maricopa Community Colleges and the newest in the district. As a public community college in Avondale, Arizona, EMCC has been serving the Southwest Valley since 1990 and at the Avondale campus since 1992. "Located in the fastest growing region of the county, EMCC enrolls approximately 15,000 students annually and is planned to be a large comprehensive learning college of more than 40,000 students." (estrellamountain.edu/about) EMCC offers numerous associate degrees, university transfer partnerships, and multiple specialized certificate programs. Located approximately a mile to the north is the historic and renowned Wigwam. Known for its resort, golf, and dining, The Wigwam celebrates nearly 95 years since opening in 1929 and has grown to feature 331 rooms, three signature dining venues, 54 holes of golf, three pools, and a 26,000-square-foot spa across 440 acres. In May of 2023, the Wigwam announced a $20 million renovation that began in the Spring and was completed in the Fall of 2023 with a fresh look and feel that still embodies The Wigwam's historic Southwestern charm and casual elegance. The site is primarily positioned for new Retail or Medical development. It is zoned Palm Valley Planned Area Development (PAD) and allows for Community Commercial (C-2) uses. Most desired from the city are neighborhood-serving uses that are walkable for area residents, including medical office uses, child care centers, sit-down restaurants, sidewalk cafes, wine bars, health and exercise centers, and specialty retail. The strengths of the site and area make it ideal for new Retail or Mixed Use development or for investment directed at long-term asset preservation purposes. The Wigwam brings great significance to the area and an upscale environment, while a growing community college to the immediate southwest of the site offers a huge demand potential for its uses. Complementing the site are a current population of ±89,280 within a 3-mile radius, ±197,128 in a 5-mile radius, that grew at an Annual Rate of 2.2% from 2010 to 2023 (3-mile), and a 1-mile average household income of $119,202. Supporting the need for more retail are record low vacancies in the Valley with the Submarket (N Goodyear/Litchfield) for the subject property showing only a 1.8% Retail Vacancy Rate and low square feet currently Under Construction (64% less than a year prior). The need for additional Medical space is also present where vacancy in the Medical Office appears to be even lower with only 4 existing spaces currently available in a 2-mile radius.

Exclusively Listed By

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