Potential Residential / Mixed-Use Community 7611 W Thomas Rd

7611 W Thomas Rd , Phoenix, Arizona, 85033 | 142,750 sq.f | $ 13,950,000

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About This Restaurant

Investment Highlights

Unique Residential / Retail Redevelopment Opportunity in High Density Area On site and surrounding amenities are robust and ideal for a walkable urban concept Easy access from freeway ? just two blocks from I-10 freeway and four blocks from Loop 101 Hwy Offers hard-to-find 10+ Acres Multifamily infill site in a growing area of the West Valley A major point of destination for the over 403,000 residents that live within 5-miles

Executive Summary

Major Transformation Opportunity | Regional Mall RedevelopmentThe overall vision of this redevelopments that it will be a mix of retail, restaurant, outdoor spaces, housing, and employment and a destination that fosters collaboration, creativity and community. Along with lush landscaping and linked open spaces with walking paths, it will feature a pavilion for performances, events and community activities.Existing amenities include the 221,321-square-foot Super Walmart, cinema, Dillard's, Desert Sage Public Library, restaurants and the nearby Talking Stick Resort Amphitheater. And, Desert Sky Transit Center exists adjacent to the site for this transit-oriented development.Target location is within an established, dense portion of Phoenix, one of the fastest growing and most desirable metropolitan areas in the United States.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Health Club General Retail Movie Theatre Storefront Retail/Residential
  • Building Size    142,750
  • Building Class    B
  • Year Built/Renovated    1980/2007
  • Price    13,950,000
  • Price Per SF    98
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Slab To Slab    15?
  • Building FAR    0.32
  • Land Acres    10.15 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection

Nearby Amenities & Transportation

Retail Macayo's Mexican Kitchen
Retail Golden Corral Buffet & Grill
Retail Bank of America
Retail Panda Express
Retail IHOP
Retail Starbucks
Retail Chili's Grill & Bar
Retail Olive Garden Italian Rstrnt
Retail Applebee's
Retail Planet Fitness

Property Taxes

Parcel Number 102-38-001Y Improvements Assessment $0
Land Assessment $0 Total Assessment $381,011
Date Created: 2024-07-16 04:09:20 Last Updated: 2024-07-16 04:09:20
Address: 7611 W Thomas Rd , Phoenix, Arizona, 85033