24420 N 7th Ave
Phoenix, AZ 85085
Land For Sale · 5.10 AC

Positioned at the northwest corner of 7th Avenue and Parkview Lane in Phoenix, Arizona, this ±5.1-acre parcel presents a rare opportunity for developers and investors seeking a strategic foothold in one of the region’s most rapidly expanding corridors. The site offers direct frontage along 7th Avenue, ensuring high visibility and accessibility, and is fully equipped with sewer and power infrastructure—ready for immediate development.
The property is secured and gated, providing an added layer of security and flexibility for a range of commercial uses. Located at 24420 N 7th Ave, the parcel sits within proximity to major transportation arteries including Interstate 17 and Loop 303, facilitating seamless regional connectivity. The site is also minutes from the Phoenix Deer Valley Airport, enhancing its appeal for logistics, light industrial, or corporate users.
Surrounding the property is a dynamic mix of corporate campuses, retail centers, and residential communities. Notably, the site is just 4.5 miles from the new Taiwan Semiconductor Manufacturing Co. (TSMC) facility—a transformative $165 billion investment that is reshaping the local economy and positioning Phoenix as a global hub for advanced chip manufacturing. The TSMC expansion is expected to generate thousands of high-paying jobs and attract a robust ecosystem of suppliers, tech firms, and support services to the area.
Demographic trends further underscore the site’s potential. Within a 5-mile radius, the population is projected to grow to over 164,000 by 2024, with an average household income exceeding $99,000. Consumer spending in the area is forecasted to reach $2.2 billion, reflecting strong market fundamentals and a thriving community.
Whether for corporate headquarters, industrial development, or a mixed-use concept, this parcel offers unmatched potential in a location that is both economically vibrant and infrastructure-ready.