For Sale
$16,880,000

1050 Riley DrAvondale, AZ 85323

Prime Avondale Retail Land, 5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 3.96-acre commercial land parcel, located at 1050 E Riley Dr, Avondale, AZ 85323 (APN 500-26-006), presents a compelling investment opportunity. The property boasts a 35,310 square foot building constructed in 2009, currently owner-occupied, and zoned A-1 Light Industrial. Offered at $16,880,000, this represents a price per square foot of $600 and a compelling 5% cap rate. The single-story building enjoys a strategic location just 1.5 miles south of the I-10 and Dysart Road interchange, providing easy access to West Coast ports and significant logistical advantages for industrial users. Its central location allows efficient service to numerous large urban areas within a one- to two-day delivery radius. A five-year seller leaseback is available. Importantly, the seller also owns adjacent land that could be included in the sale, providing potential for expansion. Detailed information is available upon request.

Highlights

  • $16,880,000 asking price.
  • 35,310 square foot land and retail property.
  • $600 per square foot.
  • 5.00% cap rate.
  • 2009 construction year.
  • One-story building.

Property Details for 1050 Riley Dr

Property type
Retail properties, Land
Square Feet
35,310 SF
Year Built
2009
Stories
1
Lot Size (sq. ft)
172,498 SF

Location Insight

City
Avondale
County
Maricopa
State
Arizona
Latitude
33.4393374
Longitude
-112.3359191
1050 Riley Dr, Avondale, Arizona

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1050 Riley Dr
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