±1.8 AC Land Opportunity

Highlights:

• Surrounded by dense, planned residential communities
• Minutes from Grand Avenue and Loop 101
• W. Olive Avenue - +/- 25, 744 VPD
• Average HH Incomes at $76,136 within a 3-mile radius

Description:

Marcus and Millichap is pleased to present for sale +/- 1.8 acres of commercial vacant land located at the signalized SWC of 71st Ave & Olive, Peoria, AZ

The subject property is surrounded by a plethora of master planned residential communities and falls within the West Point Estates PAD with a underlying C-2 Intermediate Commercial zoning classification:

The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable strip; commercial development, it is intended that each development be contiguous and limited in scale. The C-2 districts should generally be restricted to the intersection of major arterial streets while providing one-mile separation from other non- adjacent commercial districts. The regulations and development standards are designed to preserve adjacent residential amenities and to prohibit encroachment by more intensive commercial uses.

Dense, well-established neighborhood communities of West Point Estates and West Point Village, and many others surround the site.

This square shape property has approximately 286’ linear feet of street frontage on W. Olive Avenue.

Full interchange at Olive and Grand Avenue (US 60) is within minutes, and site is located at border cities of Peoria and Glendale. The property has a traffic count of over 25, 744 cars per day and is conveniently located near Jobing.com arena and University of Phoenix Stadium. Also located within a mile is Glendale Community College with over 21,300 attending students.

Close proximity to Highway 101, Interstate 17 and U.S. Highway 60 makes it easy to travel throughout the metropolitan area. Phoenix Sky Harbor International, located 32.1 miles or 44 minutes away.

The City’s water and sewer lines are adjacent to property. Buyer to verify all utility locations and capacity levels during due diligence period.

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