Rare Development Opportunity in Phoenix, AZ 83rd Ave & Camelback Rd Lot | Terrain commercial | 0,36 ha | À vendre | 860 920 € | Glendale, AZ 85303

Pegasus Investments Real Estate Advisory, Inc., in conjunction with ParaSell, Inc., as exclusive representatives for the Seller, are please to offer the rare opportunity to acquire a 0.89 acre developable land parcel located in Phoenix (Glendale), Arizona (the “Property”). Strategically located near the high-traffic intersection of Camelback Road and 83rd Avenue, which sees approximately 50,000 vehicles per day, the Property enjoys excellent visibility and access. It benefits from strong synergistic co-tenancy with an adjacent EOS Fitness, which attracts health-conscious consumers who align well with the neighboring Chipotle’s reputation for offering high-quality, responsibly sourced food at an accessible price point. Additionally, the location is supported by a dense, infill demographic base, with over 400,000 residents living within a five-mile radius, ensuring a steady flow of potential customers.
The Property is positioned within the thriving Phoenix metropolitan area, which ranked #4 nationally in year-over-year nominal growth among all U.S. metros. Located specifically in the West Valley submarket, the area is projected to account for 55% of Arizona’s population growth over the next decade. Significant developments like the Howard Hughes Corporation’s 37,000-acre, 100,000-home master-planned community are expected to further transform the region, bringing an additional 300,000 residents and 55 million square feet of new commercial space. These macroeconomic trends, coupled with the already strong demographic fundamentals, position the Property for continued demand and long-term value appreciation.