NWC 56th Street & Loop 101 Freeway

8 Acres of Commercial Land in Phoenix, AZ 85054

Property Type: Land

Listing Contacts

Brent Mallonee

Verified Profile

Donald Arones

Verified Profile

Property Info

Property Overview

The ±8-acre property is located at the northwest corner of Loop 101 Freeway & 56th Street in Phoenix, AZ. The property is located in the heart of the Desert Ridge commercial core, which is estimated to add between 80K-100K jobs over the next 20 years. The amenity-rich core includes the 1.2 MSF Desert Ridge Marketplace, High Street, a 628,000 SF mixed-use development featuring office, retail and residential units and City North, a 96.5-acre under construction development with over 200,000 SF of office space, a 200-room hotel and two restaurants in phase one. The ±8-acre property has frontage and great visibility from the Loop 101 Freeway, which is currently undergoing expansion.

Property Details

Property Subtype: Commercial

Highlights

Fee simple interest
Full diamond interchange
Access to City North Drive and 56th Street
Potential 140’ height
Currently entitled for 142k SF of retail, 490k SF of office and 136 hotel keys, with entitlements for 118 units in process

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