Strategic lot on W Camelback
654 W Camelback Rd
Phoenix, AZ 85013
https://thebrokerlist.com/have/strategic-lot-w-camelback-16561
FOR LEASE
Property Type:
Other Land
Amount:
Please Call Broker for Price
Last Verified:
Aug 06, 2022
Highlights
- Strategic lot on W Camelback
- Ground Lease, Opton to Buy
- New 284-Unit, 4.4 acre Multifamily adjacent, under construction
- C-2 Zoning
Description
Ground lease
The subject property is located at 654 W Camelback Rd in the City of Phoenix, Maricopa County, Arizona. The subject property is in a good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is generally good in terms of retail, commercial and residential use. The subject benefits from heavy commuter and local traffic along Camelback Road, and is close to Central Ave & 7th Ave corridors. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail extension. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, with generally allows up to 5 stories in new construction along the light rail corridor.
Lot Size: 0.11 acres
Units for Lease
654 W Camelback
Space Available: 4791 SF
Lease Type:
Price Per Sqft/Month: $1200.00
Map of 654 W Camelback Rd, Phoenix, AZ, 85013
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.
