|Price/Rent PSF||$ 135,000.00|
Phoenix location characteristics
Subject Property Location
The subject property is located at 5347 N 19th Ave in the City of Phoenix, Maricopa County, Arizona. The subject property is in a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in redevelopment in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along 19th Avenue. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail line and corridor. 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.
Metro Phoenix Location
The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.
SEC Lot on busy 19th Ave, few blocks from a large Light Rail Station and ChrisTown Mall. Major Tenants include Costco, Harkins Theaters, Walmart, Walgreens, Bath & Body Works, Target.
Best use would be coffee shop, restaurant, drive through.
TRAFFIC: 27,200 cars on 19th & Georgia