This listing is under contract.

Queen Creek, Arizona Land for Sale | $1.32M | ±94,032

18704 E Rittenhouse Road Queen Creek, AZ 85142

18704 E Rittenhouse Road, Queen Creek, AZ, 85142
18704 E Rittenhouse Road, Queen Creek, AZ, 85142 18704 E Rittenhouse Road, Queen Creek, AZ, 85142
UNDER CONTRACT FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,320,000
Last Verified:
Jun 15, 2021

• The Property is strategically located on Rittenhouse Road, one of Queen Creek’s major roadways with daily traffic counts of ±22,460 (Source: ADOT, 2020). • Strong demographics in a five-mile radius, with an annual population growth rate of 4.8% since 2010 and average household income of $120,836 (Source: Esri). • Nearby national retailers include Home Depot, CVS, Caliber Collision, O’Reilly Auto Parts, Big O Tires, Taco Bell, Burger King, Dunkin’, Cold Stone Creamery, Circle K, and more. • Queen Creek was named the #3 fastest-growing small city in the United States with an annual population growth rate of approximately 9% between 2014 and 2019 (Source: thestreet.com, 2020). The total population of Queen Creek is ±61,724 (Source, Maricopa Association of Governments). • Located less than four miles north of the Property is the Phoenix-Mesa Gateway Airport, which had ±1,774,763 total passengers in 2019 (Source: aviationpros.com, 2020). • Approximately 2.5 miles north of the property is the Arizona State University Polytechnic Campus, one of the four main Arizona State University campuses with ±5,095 total students enrolled (Source: asu.edu). • The Property is located down the street from Benjamin Franklin High School, a highly rated, public charter school with approximately ±1,067 students.

Additional URLs

Map of 18704 E Rittenhouse Road, Queen Creek, AZ, 85142

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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.