Tuesday, April 25, 2017

Commercial Land on Cave Creek Road

Description of the Property

Just over 2 acres of Commercial C-2 Property in an excellent commercial part of Phoenix. Right on Cave Creek Road next to Shadow Mountain. It sits up higher than the rest of the terrain, and since its on a curve part, you can see all the way down Cave Creek Road! Since it sits up higher, traffic can see this site very well for miles down the road. The property has Electricity lines running across it, sewer in front of it on the road, and telephone. What more could you ask for in Commercial! City of Phoenix has showed a great deal of interest, but they are unable to afford it at this time. They have had it appraised about 6 months ago, and our company did another appraisal about 2 months ago. Both of the appraisals came in above $10.50 per square foot, or over $950,000. We are offering this property for $6.61 per square foot - a savings of $3.89 per foot of appraised value.

ALTA Survey

Location

Property is located within 1 mile (as a crow flies) from Highway 51. It is on Cave Creek Road, one of Phoenix’s major arterial roads, and is on the side of Shadow Mountain. It is South of Greenway, and North of Cactus, on the East side of Cave Creek. From the south, take I-10 to the 51 highway and go North. From 51 North, take the Cactus Road Exit and head West ½ mile to Cave Creek Road. Take Cave Creek Road North ¾ of a mile till you reach the last bend in the road, and the property will be on your right hand side.

Pricing & Financing

Cash Price: $580,000 or $6.61 per sq ft

Seller may carry with 20% down

Images

Arial view of subject property

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