5217-5233 South Central Avenue, Phoenix, AZ, USA, Phoenix, AZ 85040

Roeser Plaza, located at 5217–5233 South Central Avenue, presents a compelling opportunity to acquire a well-positioned strip center within a dense, urban infill corridor of Phoenix. The property benefits from premium frontage along Central Avenue, close proximity to Downtown Phoenix, and a strong residential base of over 20,000 residents within a one-mile radius. The center is surrounded by established single-family and multifamily neighborhoods, with additional density planned through nearby multifamily and mixed-use developments. Notably, the northeast corner of Central Avenue and Roeser Road is slated for high-density zoning, with a prominent developer planning more than 160 residential units, while the City of Phoenix has rezoned a city-owned parcel at the southeast corner of Central Avenue and Broadway Road for future mixed-use development. Roeser Plaza enjoys excellent vehicular visibility and pedestrian traffic, enhanced by nearby transit infrastructure and the recently completed multi-billion-dollar light rail extension. The center is anchored by strong national tenants, including Dairy Queen, Family Dollar/Dollar Tree, Subway, and Total by Verizon, all of which generate consistent traffic, while in-place vacancies provide clear upside potential. Local tenants demonstrate strong operating histories and align well with the surrounding demographics, further reinforcing the center’s long-term stability and growth prospects.