NEC Perryville Road and Camelback Road, Litchfield Park, AZ, 85340

NEC Perryville Road and Camelback Road Litchfield Park, AZ 85340

NEC Perryville Road and Camelback Road, Litchfield Park, AZ, 85340
NEC Perryville Road and Camelback Road, Litchfield Park, AZ, 85340
FOR SALE
Property Type:
Commercial Land Development
Amount:
$3,920,400
Last Verified:
Aug 17, 2020

Highlights

  • 10 Acres of Land on the Hard Corner
  • C-1 Zoned
  • Neighboring Developer to Provide Offsite Utility Improvements
  • Strong Demographics w/ Median HHI over $120,000
  • Population Growth ±14% within the Next Five Years
  • Permissible Uses for C-1: Grocer, Hardware Shop, Liquor Store, Auto parts and supplies, Bakery, Bank, Business School, Church, Drugstore, Gas Station, Restaurant (and Others).
  • Azure Canyon (Mattamy Homes) Adjacent ±333 Homes
  • TerraWest Communities 91 Home Development to the West
  • Zanjero Trails Home Development to the West

Description

SVN Desert Commercial Advisors is pleased to present a 10-acre development site located on the northeast hard corner of Perryville Road and Camelback Road. The current owner and neighboring developer have an agreement in place where said developer shall provide the offsite water and sewer improvements.

The subject property is located on the hard corner of Perryville Road and Camelback Road in Litchfield Park, AZ. This particular site falls within Maricopa Country jurisdiction. There are numerous residential developments in the neighboring area consisting of Abel Ranch, Allen Ranches, Trigos, and Sadella. Meritage Homes is one of the prominent home builders in this submarket as they have over 1,200 homes in development. Additionally, Amazon and Microsoft acquired a respective 238 acres along CItrus Road, south of Camelback Road for future development. The loop 303 corridor continues to be an industry hub powerhouse as it houses corporate users such as UPS, Boeing, Sub-Zero, Ball Corporation, Dicks, and REI.

Lot Size: 10.0 acres

Map of NEC Perryville Road and Camelback Road, Litchfield Park, AZ, 85340

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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.