Redondo Center Dr Exclusive Development Parcel

Yuma, AZ

Yuma, AZ
Yuma, AZ
FOR SALE
Property Type:
Other Land
Amount:
$3,442,111
Last Verified:
Feb 05, 2020

Highlights

  • Opportunity Zone
  • 4.39 acre development parcel
  • Interstate 8 exposure
  • Property can be subdivided
  • Exclusive development potential
  • B-2 Zoning

Description

Exclusive development parcel located in Yuma, AZ with Interstate 8 visibility and access. Property consists of approximately 4.39 acres located in an Opportunity Zone with the potential for retail/industrial use. Property is located on Redondo Dr and Highway 95/16th St, one of Yuma's busiest roadways offering high traffic exposure of 38,616 vehicles per day (Raw Traffic Count, YMPO) from Interstate 8 and Highway 95 (16th St.)

Property is located within close proximity to Interstate 8, Highway 95, Yuma Palms Regional Center and Downtown Yuma.

Lot Size: 4.39 acres

Map of Yuma, AZ

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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.