16 Acres In The City Of Phoenix, AZ | Commercial / Multi-Family Zoning | Freeway Frontage

$4,750,000
For Sale

4338

Property ID

701,319 SqFt

Size

Description

Commercial development opportunity, 16.1 acres of retail, office or multifamily development adjacent to Anthem Outlet Mall. This land consists of 4 parcels zoned C-2. There is dual ingress and egress access from the i-17 Freeway Frontage Road and 43rd Ave. Utilities are at the site. The location is ideal for much needed restaurants and more retail space in the Anthem community with the Outlet Mall on the south and the Goodwill Store on the NW corner. Total populations within 10 miles; 61,736 and consistently growing. Anthem is the gateway to northern Arizona and a major shopping hub for the towns and county to the north of Phoenix. This high traffic area only has a few land parcels left and this is the largest commercial property available in the area.

Total Land in Sale is 16.10 Acre. Seller will not sell separately. The 3 Lots are as follows: Lot 2 #202-23-618, 1.97 Acres, Lot 3 #202-23-619, 6.73 Acres, Lot 4 #202-23-620, 6.25 Acres and Tract A which is the road. All are zoned C-2 Commercial with R-3 Multifamily standards. Located in the City of Phoenix.

https://www.loopnet.com/Listing/43240-N-Black-Canyon-Hwy-Anthem-AZ/17407743/

Seller will utilize a 1031 Exchange. Replacement property desired must have at least a 5% cap rate, prefers strip malls but will look at other. Must be in USA open to all states.

Address

Address: 43240 N BLACK CANYON HWY 2
  • Province / State: Arizona
  • City / Town: Phoenix
  • Postal code / ZIP: 85086
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  • Property ID 4338
  • Price $4,750,000
  • Property Type Land
  • Property status For Sale
  • Size 701,319 SqFt
  • Land area 16.00 Acres
  • Sellers Motivation Wants To Exchange For Income Producing Property
  • Number of Units 4

Map View

Contact

Anjeleigh Trefz

Property Seller
anjeleigh.trefz@russlyon.com
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