8239 W Lower Buckeye Rd
Land | 14.95 acres
Marketing description
Transwestern is pleased to exclusively present the opportunity to acquire the fee-simple interest in a ±14.95-acre parcel located at 8239 W Lower Buckeye Road in Phoenix, Arizona. Currently zoned R1-18, the Seller is willing to allow time for rezoning to commercial or higher density residential, which represents the site’s highest and best use.
This site offers an exceptional opportunity for retail, grocery-anchored, or residential development. It is positioned directly behind a newly delivered lineup that includes Chipotle, Black Rock Coffee, The Stand, Bosa Donuts, and Jersey Mike’s, further enhancing the property’s visibility and consumer draw.
The property benefits from strong fundamentals: excellent visibility along 83rd Avenue, daily traffic counts of over 19,800 vehicles along Lower Buckeye Road, and robust surrounding demographics with more than 223,000 residents within a five-mile radius and annual population growth of 1.7%. With rapid residential expansion and accelerating demand for retail and service uses in the corridor, this parcel is ideally positioned for commercial development and long-term value creation.
Investment highlights
LOCATION:
Immediately Adjacent to a dense residential neighborhood
VISIBILITY:
Located just off the corner of W Lower Buckeye Road (19,803 VPD) with direct access to 83rd Avenue (8,405 VPD)
POPULATION:
223,000 residents within 5 miles
UTILITIES:
City of Phoenix water/sewer, SRP electric, Cox Internet
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