Commercial Land for Sale in Peoria, Arizona, offers a unique opportunity for investors to tap into the city's growing economy. With its strategic location in the Phoenix metropolitan area, Peoria has become a hub for industrial, commercial, and mixed development, making it an attractive destination for businesses and entrepreneurs. Commercial Land in Peoria represents a diverse range of investment opportunities, from retail and office spaces to industrial parks and mixed-use developments. The city's infrastructure, including the Central Arizona Project canal, Arizona Public Service, and Salt River Project, provides a solid foundation for businesses to thrive. Additionally, Peoria's recreational amenities, such as the Peoria Sports Complex and the Peoria Center for the Performing Arts, make it an attractive location for residents and visitors alike. With its unique blend of natural beauty, economic growth, and recreational opportunities, Peoria is an ideal location for businesses to establish themselves. The city's proximity to Lake Pleasant, a reservoir on the Agua Fria River, and its surrounding mountains and hills, provide a picturesque backdrop for commercial development.
Peoria's Commercial Land for Sale offers a range of opportunities for investors, with 23 listings available. The average price per square foot is , and the average size of these listings is square feet, with the largest listing spanning 0 square feet. The average cap rate for these listings is. In addition to Commercial Land, Peoria also offers other property types, including residential land, office spaces, and retail properties. The city's focus on economic development, particularly in the industrial and commercial sectors along the Loop 303 corridor, has attracted major corporations like Amkor, a semiconductor plant that has brought around 2,000 new jobs to the city. With its diverse economy, recreational amenities, and natural beauty, Peoria is an attractive destination for businesses and investors alike.
What are common commercial uses for land in the Peoria market?
In the Peoria market, common commercial uses for land include industrial development, such as warehouses and manufacturing facilities, as well as retail and office spaces, taking advantage of the city's strategic location along the Loop 303 corridor. Additionally, with the presence of major employers like Amkor, the semiconductor plant, and the city's focus on establishing the "Desert Empire" corridor, commercial land is also being utilized for mixed-use projects, combining industrial, commercial, and residential spaces.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Peoria, Arizona, there are several common ways to do so. Whether you're looking to invest in a plot of land for commercial or industrial use, it's essential to understand the process, and our article on how to buy land can provide valuable insights.
In Peoria, you can find 23 available listings of commercial land, with an average price per square foot of and an average size of square feet. The largest available plot of land spans 0 square feet, offering ample opportunities for development. With an average cap rate of , investing in land in Peoria can be a lucrative venture. Consider exploring the Loop 303 corridor, also known as the "Desert Empire," which is a hub for industrial, commercial, and mixed development projects.
