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95th Ave & McDowell Rd
Phoenix, AZ 85037
I-10 & 101 Freeway - 18.94 Acres Vacant Land · Land For Sale · 18.94 AC

Investment Highlights

  • 18.9± Acres of Prime Freeway Frontage Vacant Land
  • Currently Zoned C-2 With Potential to Rezone Part for Multifamily or Industrial
  • Close Proximity to Gateway Pavilions - A Power Center Home To Many National Big Box Retailers
  • Located at the Intersection of the I-10 & Loop 101 Full Diamond Interchange - The Gateway to the West Valley
  • One of the Fastest Growing Areas in the United States
  • Located Minutes From the Popular Westgate Entertainment District (Home of Arizona Cardinals & Other Event Venues)

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 18.94 AC
Zoning C-2 - C2, commercial

Description

The 18.9 acres in Tolleson is a phenomenal development opportunity with incredible visibility at the intersection of the I-10 and Loop 101 in the vibrant West Valley. Once considered a far west suburb, Tolleson has quickly become an “infill location”, sitting at the nucleus of the West Valley / major freeway interchange (I-10 and Loop 101). The West Valley, consisting of Tolleson, Avondale, West Phoenix, Goodyear, Buckeye, Peoria, and Surprise, was once thought of as an area of farms and vast expanses of land. It has quickly become a hotspot for innovation, manufacturing, and industrial development, attracting billions of dollars of investment and fostering an environment that has attracted all kinds of industry (thousands of jobs) as well as massive residential development. The major freeway systems leading to the West Valley include Loop 202, Loop 303, and Loop 101, with the I-10 being the prime east / west Interstate connecting them all. The site is located less than one-quarter mile north of the I-10 and Loop 101 full diamond interchange. This is situated at the front door to the West Valley of metropolitan Phoenix, one of the fastest growing areas in the United States. According to WESTMRC data, more than 1.7 million people call the West Valley home and its population over the next five years is projected to grow at twice the national rate. The Maricopa Association of Governments predicts the West Valley will be home to over two million residents by 2030. The Tolleson development site consists of approximately 18.9 acres of vacant land. It is currently zoned C-2 in the city of Tolleson. The city has indicated its desire for it to remain commercial and for a large commercial development to be established at this location. Some discussions with the city indicated possibly supporting a portion for either multifamily or industrial use, but the city will likely want the majority to remain commercial. The site is ideal for a major retail or medical user, a large retail development, or a mixed-use project. The site sits minutes north of the largest industrial land concentration in Greater Phoenix – the Southwest Valley Industrial Corridor. Home to more than 105,000 employees and 2,700 businesses, including Amazon, UPS, FedEx, PepsiCo, Kroger, and Ball Corporation, the corridor is experiencing rapid growth due to its proximity to large west coast markets within a day’s drive, developable land, and business incentives from various jurisdictions within the corridor.

Property Taxes

Property Taxes

Parcel Number
102-53-300E
Land Assessment
$74,493
Improvements Assessment
$0
Total Assessment
$74,493
  • Listing ID: 33287428

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 95th Ave & McDowell Rd, Phoenix, AZ 85037

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