20022 31St AvePhoenix, AZ 85027

This exceptional redevelopment opportunity presents a rare chance to acquire a 24.41-acre site in Phoenix's Deer Valley submarket. The property currently features two, two-story office buildings totaling approximately 351,570 square feet of net rentable area, currently at 7.8% occupancy with two tenants. Built in 1985, the buildings boast flexible floor plates and a desirable 6/1,000 parking ratio, along with on-site amenities. The property's Commerce Park/Business Park (CP/BP-SP) zoning allows for significant redevelopment potential, ideally suited for a multi-structure industrial business park. Its prime location at the intersection of I-17 and Loop 101 provides unparalleled freeway access, boasting 1,285 feet of frontage along Loop 101 and access to over 2.55 million people within a 30-minute drive. This vibrant area benefits from significant job and population growth driven by major corporations like Taiwan Semiconductor Manufacturing Company (TSMC), and is surrounded by established businesses including PetSmart, Honeywell, USAA, Cox Communications, and Sunlit Chemicals. The large rectangular parcel offers significant flexibility for future development plans, making this a truly unique investment opportunity in a high-growth market. The property's APN is 206-12-205, and it is located at 20022 N 31st Ave, Phoenix, AZ 85027. There is no existing ground lease.