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Commercial

3.77 Acres

27105 N 30th Ave, Phoenix, AZ 85083

Listing Price: $1,066,507

Lot Size
3.77 acres
Price/Acre
$282,893
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 9.17-acre development site near the northwest corner of North Black Canyon Highway (Interstate-17) and West Jomax Road. The property is surrounded by a mix of residential and commercial properties. 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, numerous restaurants, shops and movie theaters are available in the Happy Valley and Deer Valley Town Centers, all within minutes of the property. In December, 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 $12 billion facility, which will eventually employee ± 1,600 when completed. The proposed facility will be three miles north of this ± 9.17-acre offering. The property is located on the west side of Interstate-17 and just north of the West Jomax Road exchange, four miles northeast of the Loop 101 Freeway, and two½miles 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. Over the next few years approximately 3,000 homes are planned within a five-minute drive of the property. The site is currently zoned suburban residential (S-1) by the City of Phoenix. The sellers are willing to grant a qualified buyer reasonable time to seek necessary governmental approvals for their proposed project. The property has ± 140 feet of frontage on West Pinnacle Vista Drive and ± 665 feet of frontage on the I-17 frontage road. There are approximately 113,000 vehicles per day on I-17. The property topography is level. City Phoenix water and sewer lines are located on West Pinnacle Vista Road.

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: $107k within a 5-Mile Radius

Exclusively Listed By

Listing Price: $1,066,507

Lot Size
3.77 acres
Price/Acre
$282,893
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: $107k within a 5-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 9.17-acre development site near the northwest corner of North Black Canyon Highway (Interstate-17) and West Jomax Road. The property is surrounded by a mix of residential and commercial properties. 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, numerous restaurants, shops and movie theaters are available in the Happy Valley and Deer Valley Town Centers, all within minutes of the property. In December, 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 $12 billion facility, which will eventually employee ± 1,600 when completed. The proposed facility will be three miles north of this ± 9.17-acre offering. The property is located on the west side of Interstate-17 and just north of the West Jomax Road exchange, four miles northeast of the Loop 101 Freeway, and two½miles 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. Over the next few years approximately 3,000 homes are planned within a five-minute drive of the property. The site is currently zoned suburban residential (S-1) by the City of Phoenix. The sellers are willing to grant a qualified buyer reasonable time to seek necessary governmental approvals for their proposed project. The property has ± 140 feet of frontage on West Pinnacle Vista Drive and ± 665 feet of frontage on the I-17 frontage road. There are approximately 113,000 vehicles per day on I-17. The property topography is level. City Phoenix water and sewer lines are located on West Pinnacle Vista Road.

Exclusively Listed By

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