3202 Greenway RdPhoenix, AZ 85032

Property Details for 3202 Greenway Rd

Year built

1988

Construction

CONCRETE

Lot size

13.02 AC

Property size (Sq ft)

10,720 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Strip malls

APN

214-35-224A

APU

21435224A

Description

This exceptional 33,323 square foot retail pad site presents a unique opportunity for businesses seeking high visibility and accessibility. Located at the northeast corner of 32nd Street and Greenway Road in Maricopa County, this property boasts a prime location with significant traffic volume. The site offers a total of 33,323 square feet of land, currently vacant and available for lease or sale. The property is ideally suited for build-to-suit development, allowing for complete customization to meet specific business needs. Its strategic position just west of the SR-51 Freeway ensures exceptional exposure to over 75,000 vehicles daily, guaranteeing high traffic counts and significant brand visibility. This is a rare opportunity to establish a prominent presence in a thriving commercial area. The property is classified as a shopping center with multiple tenancy potential, making it suitable for a variety of retail concepts. The expansive lot size provides ample space for development, parking, and landscaping. This location offers unparalleled access and visibility, making it an ideal investment for long-term growth and success. Interested parties are encouraged to inquire about leasing or purchasing options for this exceptional retail pad. The property is ready for immediate development.

• CAP approach

  CAP return

  Valuation

  6%

  $3,224,603

  6.5%

  $2,976,557

  7%

  $2,763,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,828,068

  Geo Method

  $4,828,068

• Alternative Use

  Use

  Valuation

  Residential

  $2,510,837

  Hospitality

  $2,299,913

  Educational

  $1,913,501

  Medical

  $1,979,309

  Retail

  $2,976,557

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6279

Longitude

-112.011

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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