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Multi-Family

3.50 Acres on N Valley Parkway

N 19th Ave Parcel C, Phoenix, AZ 85085

Listing Price: $1,067,122

Lot Size
3.50 acres
Price/Acre
$304,892
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 13.74-acre assemblage near the southeast corner of West Jomax Road and North Valley Parkway. 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, several restaurants, shops and movie theaters are available in the Happy Valley and Deer Valley Town Centers, all within minutes of the property. The property is located one mile east of Interstate-17, five miles northeast of the Loop 101 Freeway, and four 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. The property is currently zoned residential (RU-43) by Maricopa County and residential (S-1) by the city of Phoenix.. The seller is willing to grant a qualified buyer reasonable time to seek government approvals needed for their proposed project. This parcel has approximately 613 feet of frontage on North Valley Parkway and ± 12,000 vehicles per day. The property topography is level. City Phoenix water is located near the property line with the public sewer connection ± 800 feet to the north on West Jomax Road. Annexation into the city of Phoenix is required for City of Phoenix Municipal Services. This ± 13.74-acre assemblage is made up of parcels owned by separate owners.

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

Multi-Family

3.50 Acres on N Valley Parkway

Listing Price: $1,067,122

Lot Size
3.50 acres
Price/Acre
$304,892
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 ± 13.74-acre assemblage near the southeast corner of West Jomax Road and North Valley Parkway. 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, several restaurants, shops and movie theaters are available in the Happy Valley and Deer Valley Town Centers, all within minutes of the property. The property is located one mile east of Interstate-17, five miles northeast of the Loop 101 Freeway, and four 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. The property is currently zoned residential (RU-43) by Maricopa County and residential (S-1) by the city of Phoenix.. The seller is willing to grant a qualified buyer reasonable time to seek government approvals needed for their proposed project. This parcel has approximately 613 feet of frontage on North Valley Parkway and ± 12,000 vehicles per day. The property topography is level. City Phoenix water is located near the property line with the public sewer connection ± 800 feet to the north on West Jomax Road. Annexation into the city of Phoenix is required for City of Phoenix Municipal Services. This ± 13.74-acre assemblage is made up of parcels owned by separate owners.

Exclusively Listed By

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