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. ASL had appraisal of $700,000 two years ago. This is $8.03 per square foot or a savings of $2.52 per square foot.
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: $480,000 or $5.51 per sq ft
Seller may carry with 20% down