1920 W Bell Rd - Restaurant FOR SALE


Phoenix, AZ 85023- Deer Valley
$1,975,000 USD
321-999-9225
1920 W Bell Rd, Phoenix, AZ for Sale
$1,975,000 USD
Restaurant - FOR SALE
1/21
null | Request Cap Rate

1920 W Bell Rd
Phoenix, AZ 85023
Deer Valley


HIGHLIGHTS

  • Former IHOP restaurant currently vacant and immediately available for other food uses.
  • Along a prominent local retail corridor and less than a mile from I-75, with easy access to more than 363,000 residents in a five-mile radius.
  • This desirable ±1.04-acre corner lot is New Markets Tax Credit eligible and offers ample opportunity and substantial parking capacity.
  • Phoenix is one of the nation’s fastest growing job markets and economies and 1920 W Bell Road is primed to capitalize on this growth.
  • Take advantage of exposure to a combined 60,000 average daily vehicles at the signalized intersection of Bell Road and 19th Avenue.
  • 1920 W Bell Road is available for lease and sale – contact for more information.

OVERVIEW

Price Reduced - 1920 W Bell Road is a freestanding retail building with a strategic corner location along a prominent national and local retail corridor in Phoenix, Arizona. Formerly home to IHOP, this ±4,579 square-foot vacant building is immediately available as a floor-planned family-serve restaurant (without furniture, fixtures, and equipment), but there are multiple repurposing options available on the ±1.04-acre parcel. ACROSS BELL ROAD from the newly developed BELL17 site of 800,000 sf of office, industrial, and retail uses. Completed construction of a 101,000 sf flex-office space with all access roads in place. The property is located in the “Deer Valley” submarket with easy access to I-17 is just west of the site. o - 1031 READY Bell Road is a major east-west corridor in Phoenix. 1920 W Bell Road is surrounded by national retailers including Kohl’s, Dollar Tree, Jack in the Box, McDonald’s, Walmart Supercenter, and numerous car dealerships. Additionally, tenants enjoy excellent exposure to a combined 60,000 average daily vehicles at the signalized intersection of Bell Road and 19th Avenue. Less than one mile from Interstate 75 (one of Arizona’s primary north-south corridors), 1920 W Bell Road features easy access to strong surrounding demographics. Given the prime interstate access, tenants can reach more than 363,000 residents and 127,000 daytime employees in a five-mile radius. This robust population contributed to a consumer spending total of $4.2 billion, providing ample opportunity for businesses in the building. Phoenix is regarded as one of the United States’ fastest-growing job markets and economies, and 1920 W Bell Road is ideally located near the University of Phoenix, Aligned Energy Data Center, and HonorHealth Deer Valley Medical Center. Owner-occupants, tenants, and investors will find that 1920 W Bell Road is an excellent destination ready to provide proximity to Interstate 75, a desirable location in a growing economy, and the potential for repurposing.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

208-07-348

ASK ABOUT THIS PROPERTY

Randall PerryNEWAMCOMore Info
321-999-9225

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Randall PerryNEWAMCOMore Info
321-999-9225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.