Pacific Ave Light Industrial Complex

2198 S. Pacific Avenue Yuma, AZ 85365

2198 S. Pacific Avenue, Yuma, AZ, 85365
2198 S. Pacific Avenue, Yuma, AZ, 85365
FOR SALE
Property Type:
Warehouse
Amount:
$3,990,000
Last Verified:
Apr 21, 2021

Highlights

  • Approximately 13 acres available for redevelopment
  • Positioned on over 25 acres of land
  • Zoned LI
  • Multiple Dock Doors
  • Rail Spur Access
  • Located in an Opportunity Zone

Description

Excellent investment and redevelopment opportunity in northeast Yuma, AZ. Property consists of multiple stand alone industrial buildings on 25.67 acres. Main building consists of 107,683 SQFT. All buildings, improvements and fixtures included. Property contains approximately 13 acres that can be used for redevelopment. Property is serviced with 3 phase 240 volt (east side) and 3 phase 208 volt (west side).

Located on Pacific Avenue, one of Yuma's busiest roadways with exposure to 29,853 vehicles per day (RAW Winter Count, Source YMPO). Property is in the heart of the Yuma Valley with easy access to Yuma International Airport and Marine Corps Air Station Yuma. Property is also within close proximity to Highway 95, Interstate 8, and Ash Highway.

Property is located in one of the few areas designated as an opportunity zone creating opportunities for redevelopment
and development on the west portion of the site

Property is located in one of the few areas designated as an Opportunity Zone creating opportunities for redevelopment and development on the west portion of the site.

Building Size: 107683sq ft
Lot Size: 25.67 acres

Map of 2198 S. Pacific Avenue, Yuma, AZ, 85365

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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.