4 Aces in Opportunity Zone, Peoria, AZ

8515 NW Grand Avenue Peoria , AZ 85345

8515 NW Grand Avenue, Peoria , AZ, 85345
8515 NW Grand Avenue, Peoria , AZ, 85345
FOR SALE
Property Type:
Multifamily Land
Amount:
$2,750,000
Last Verified:
Jun 01, 2023

Highlights

  • Located in an Opportunity Zone
  • +/-192,255 SF (+/-4.41 Acres)
  • Traffic Count 39,057 VPD
  • Major Development Opportunity
  • Situated Near Signalized Intersection
  • Close Proximity to:
  • - Seattle Mariners Spring Training Stadium: 3.5 Miles or 10 Minutes
  • - State Farm Cardinals Stadium: 5.5 Miles or 12 Minutes
  • - Luke Air Force Base: 10 Miles or 20 Minutes
  • - Downtown Phoenix: 13 Miles or 30 Minutes
  • - Sky Harbor International Airport: 17 Miles or 30 Minutes

Description

4.41 Acre Lot for Sale
$14.32/SF
$622,449/Acre

This +/-4.41 Acre, C-2 Commercial Land Parcel is located in Old Town Peoria at Southwest of the intersection of North 85th & Grand Avenues. This lot is located in an Opportunity Zone and is approximately 2 miles East of Loop 101 and has a combined VPD of 39,057 along 85th & Grand Avenues.

- Seattle Mariners Spring Training Stadium: 3.5 Miles or 10 Minutes
- State Farm Cardinals Stadium: 5.5 Miles or 12 Minutes
- Luke Air Force Base: 10 Miles or 20 Minutes
- Downtown Phoenix: 13 Miles or 30 Minutes
- Sky Harbor International Airport: 17 Miles or 30 Minutes

Close Proximity to Old Town Peoria Park & Ride facility at 83rd Avenue and Peoria Avenue

Close to four major transportation corridors: Arizona State Route 101 (Loop 101), Arizona State Route 303 (Loop 303), US Route 60 (US 60 or Grand Avenue), and Arizona State Route 74 (SR 74).

Lot Size: 4.41 acres


Documents

FOR_SALE_-_8515_NW_Grand_Avenue.pdf

Map of 8515 NW Grand Avenue, Peoria , AZ, 85345

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.