$2,500,000 Price Analysis    ♡   Tolleson, AZ 85353 Unknown bed 0 bath unknown SqFt ($0/SqFt) 9.78 acre lot. Listed 2024-03-25 | Ⓧ USDA Ineligible due to property near Tolleson |
This is a 9.78-acre land opportunity in the heart of the extremely busy west valley submarket where industrial and residential development is exploding.
The southwest submarket currently has almost 16 million square feet of industrial space under development and a 2.8% vacancy rate. Despite the 20% year-over-year increase in average asking rents, occupiers continue to be attracted by Phoenix's competitively low rents in comparison to other markets in the southwest. The subject site is located a little over a mile south of the intersection of I-10 and Loop 101, connecting the Southwest Valley to all other parts of the busy Phoenix metro area. It is east of the extremely popular and active 99th Avenue corridor which is the border between Avondale and Tolleson. MORE This is a 9.78-acre land opportunity in the heart of the extremely busy west valley submarket where industrial and residential development is exploding. The southwest submarket currently has almost 16 million square feet of industrial space under development and a 2.8% vacancy rate. Despite the 20% year-over-year increase in average asking rents, occupiers continue to be attracted by Phoenix's competitively low rents in comparison to other markets in the southwest.
The subject site is located a little over a mile south of the intersection of I-10 and Loop 101, connecting the Southwest Valley to all other parts of the busy Phoenix metro area. It is east of the extremely ppular and active 99th Avenue corridor which is the border between Avondale and Tolleson. The site is zoned I-1 in the city of Tolleson and the city has indicated support for industrial or storage uses on the site. The site would be perfect for self-storge or boat/RV storage as well as a small industrial development. Tolleson's advantageous location south of the I-10 and the interchange with Loop 101 has made it a prominent distribution hub for companies wishing to deliver products to southwestern markets. The Union Pacific Railroad (less than a block to the south of the site) also runs through Tolleson, providing a number of industrial sites with rail access. Air transit is available at nearby Phoenix-Goodyear Municipal Airport and Phoenix Sky Harbor International Airport, located approximately 20 minutes away. Tolleson's small size is also its competitive advantage. The nimble and flexible nature of its processes and services creates an extremely development-friendly business environment that commands consideration. THERE ARE RADIO TOWERS ON THE PROPERTY THAT WILL NEED TO STAY OR BE RELOCATED AT SOME POINT. SELLER IS WILLING TO PUT MONEY IN ESCROW FOR TH E RELOCATION OF THE TOWERS AT SOME POINT IN THE FUTURE. PROPERTY IS ALSO IN THE FLOODPLAIN, SO ANY BUILDING ON THE PROPERTY WILL MOST LIKELY REQUIRE A CLOMR/LOMR
Presented by Patrick Burch at
Abi Multifamily.
Property MLS #6682169 from ArizonaRegionalMLS
Lot Size Dimensions: IRREGULAR
Lot Size Square Feet: 426016
Calculated Total Monthly Association Fees: 0
Source Listing Status: Active
County: Maricopa
Directions: SOUTH ON 93RD AVE FROM VAN BUREN. WEST ON MADISON TO THE PROPERTY.
Tax Year: 2023
Source Property Type: Land
Parcel Number: 101-04-006-D
Zoning: I-1
Source System Name: C2C
$2,500,000
ArizonaRegionalMLS
Water Source: City Franchise
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.