PRIME FREEWAY COMMERCIAL SITE 2.09 ACRES 2 PARCELS
Prime Freeway Commercial Site 2.09 acres in 2 Parcels at I-17/Camelback adjacent to Quik Trip Walkin
Marketing description
WILL CONSIDER ALL OFFERS or joint venture proposals. The owner would stay in the project and manage the construction and buildout. The lease up would be handled by a National 3rd Party Self Storage Company.
LAST APPRAISAL CAME IN AT $4,300,000. COME IN AT $1,700,000 AND OWN A 50% INTEREST IN THIS PARCEL AS WELL AS A 2ND PARCEL THAT WILL ALLOW US TO BUILD NEARLY 1000 UNITS AND 100,000 SQ FT. OF NET LEASABLE.
NOT INTERESTED IN BOTH PARCELS? BUY THE 1.16 ACRE PARCEL THAT IS FULLY ENTITLED WITH APPROVED BUILDING PLANS THAT ARE APPROVED FOR $2,100,000.
BOTH PARCELS ARE FULLY ENTITLED AND REZONED TO BUILD 3 STORY BUILDINGS WITH HEIGHT WAIVERS AND THE 1.16 ACRE PARCEL IS HAS FULLY APPROVED BUILDING PLANS TO BUILD 512 UNITS. BOTH PARCELS ARE WALKING DISTANCE TO GRAND CANYON UNIVERSITY WITH GREAT VISIBILITY ON I-17 FORM BOTH DIRECTIONS.
THE C2 ZONING ON BOTH ARCELS GIVES THE OWNER A VARIETY OF PERMITTED USES ON BOTH SITES. BUYERS ARE ENCOURAGED TO CHECK WITH THE CITY FOR OTHER USES SUCH AS HOSPITALITY OR AUTO RELATED USES.
The Project has approved building plans to build 512 units yielding 53,385 sq ft of net rentable square footage with approved construction drawings on the 1.16 acre parcel.
View the attached aerial video that shows the visibility to fully appreciate the project’s potential by clicking the link below. From the aerial link below, you will see the (3) prominent office buildings that were taken down and replaced with the clean building site that exists today shown on the attached flyer that identifies the property boundaries.
The City and neighborhood residents have embraced the neighborhood revitalization of replacing old unsafe vacant office buildings with stylish and secure new buildings that adds both aesthetic and monetary value to the neighborhood.
Please click the link below:
https://www.youtube.com/watch?v=WRhD0s7c0is&sns=em.
For further details, please contact:
Randy Benson
Arena Development Group
Email: [email protected]
Cell: 949-254-3991
Project Address: Black Canyon Self Storage Project 4750, and 4810 and 4820 N. Black Canyon Hwy, Phoenix, Az 85017
Investment highlights
- Bring all Offers! Owners will lookat joint venture or sale and may entertain selling the 2 parcels separately.
- Prime C2 Freeway Commercial 2.09 acre Site with great I-17 visibility for a variety of uses including Economy Hospitality or Miscellaneous Auto Uses. The site is comprised of 2 parcels and both are fully entitled with height waivers and all entitlements to build 3 story buildings.
- Rezoning of both sites has been completed from office to self storage
- Demolition of the existing (3) office buildings has been completed and the site is clean and has approved plans from the City of Phoenix to build out the 1st parcel of 1.16 acres a three story state of the art self storage building that would net 512 units or 53,355 sq ft leaving a fully entitled parcel to either sell, build additional self storage or build out a different C2 permitted use. The 2 parcels have a wide spectrum of uses available.
- Several Appraisals have been done during various development stages and the last appraisal came in at $4,300,000 several years ago.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
