1920 W Bell Rd
Phoenix, AZ 85023
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Former IHOP restaurant currently vacant and immediately available for other food uses.
- This desirable ±1.04-acre corner lot is New Markets Tax Credit eligible and offers ample opportunity and substantial parking capacity.
- Take advantage of exposure to a combined 60,000 average daily vehicles at the signalized intersection of Bell Road and 19th Avenue.
- Along a prominent local retail corridor and less than a mile from I-75, with easy access to more than 363,000 residents in a five-mile radius.
- Phoenix is one of the nation’s fastest growing job markets and economies and 1920 W Bell Road is primed to capitalize on this growth.
- 1920 W Bell Road is available for lease and sale – contact for more information.
EXECUTIVE SUMMARY
Price Reduced - 1920 W Bell Road is a freestanding retail building with a strategic corner location along a prominent national and local retail corridor in Phoenix, Arizona. Formerly home to IHOP, this ±4,579 square-foot vacant building is immediately available as a floor-planned family-serve restaurant (without furniture, fixtures, and equipment), but there are multiple repurposing options available on the ±1.04-acre parcel, and the site is New Markets Tax Credit (NMTC) eligible.
Bell Road is a major east-west corridor in Phoenix. 1920 W Bell Road is surrounded by national retailers including Kohl’s, Dollar Tree, Jack in the Box, McDonald’s, Walmart Supercenter, and numerous car dealerships. Additionally, tenants enjoy excellent exposure to a combined 60,000 average daily vehicles at the signalized intersection of Bell Road and 19th Avenue.
Less than one mile from Interstate 75 (one of Arizona’s primary north-south corridors), 1920 W Bell Road features easy access to strong surrounding demographics. Given the prime interstate access, tenants can reach more than 363,000 residents and 127,000 daytime employees in a five-mile radius. This robust population contributed to a consumer spending total of $4.2 billion, providing ample opportunity for businesses in the building. Phoenix is regarded as one of the United States’ fastest-growing job markets and economies, and 1920 W Bell Road is ideally located near the University of Phoenix, Aligned Energy Data Center, and HonorHealth Deer Valley Medical Center. Owner-occupants, tenants, and investors will find that 1920 W Bell Road is an excellent destination ready to provide proximity to Interstate 75, a desirable location in a growing economy, and the potential for repurposing.
Ownership is very keen on strong credit leasing opportunities.
Bell Road is a major east-west corridor in Phoenix. 1920 W Bell Road is surrounded by national retailers including Kohl’s, Dollar Tree, Jack in the Box, McDonald’s, Walmart Supercenter, and numerous car dealerships. Additionally, tenants enjoy excellent exposure to a combined 60,000 average daily vehicles at the signalized intersection of Bell Road and 19th Avenue.
Less than one mile from Interstate 75 (one of Arizona’s primary north-south corridors), 1920 W Bell Road features easy access to strong surrounding demographics. Given the prime interstate access, tenants can reach more than 363,000 residents and 127,000 daytime employees in a five-mile radius. This robust population contributed to a consumer spending total of $4.2 billion, providing ample opportunity for businesses in the building. Phoenix is regarded as one of the United States’ fastest-growing job markets and economies, and 1920 W Bell Road is ideally located near the University of Phoenix, Aligned Energy Data Center, and HonorHealth Deer Valley Medical Center. Owner-occupants, tenants, and investors will find that 1920 W Bell Road is an excellent destination ready to provide proximity to Interstate 75, a desirable location in a growing economy, and the potential for repurposing.
Ownership is very keen on strong credit leasing opportunities.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,579 SF
Building Class
C
Year Built
1994
Price
$2,000,000
Price Per SF
$436.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
C-2, Phoenix - Commercial Intermediate District
Parking
42 Spaces (9.17 Spaces per 1,000 SF Leased)
Frontage
225’ on Bell
PROPERTY TAXES
| Parcel Number | 208-07-348 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $210,512 |
