The property consists of three parcels of land totaling 159.88 Acres, located directly southeast of the main runway at Luke Air Force Base, about one mile west of Litchfield Road. It is not annexed into any City, but neighboring properties are in Glendale, Goodyear, and Litchfield Park, creating the possibility to annex into either of the three. The property will need to be rezoned to Industrial, as it is currently R-43, but it cannot be developed as such given the constraints placed on it due to its proximity to the base. There is significant industrial development occurring in the area, so this makes the most sense.
Litchfield Park
Lot Size: 159.88 acres
Map of Litchfield Park, Maricopa County, AZ, 85340
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.
