3014 Deer Valley
Phoenix, AZ 85027

3014 West Deer Valley is a development site on 4.24 acres of vacant land in the incredibly popular and supply-constrained North Phoenix / Deer Valley / I-17 Corridor. The site sits just northwest of the intersection of Loop 101 and Interstate-17, being about 2/3 of a mile west of I-17 and a mile north of Loop 101. The Phoenix Deer Valley Airport is less than a mile and a half to the east. The massive TSMC project is located in this north Phoenix submarket, being less than 15 minutes away to the north (one of the largest development projects in the nation with the first phase being estimated at $12 billion). The TSMC project has led to many other massive “supplier” developments being planned in the area, specifically in the Deer Valley Airport vicinity which is minutes away from the subject property. Other major employers and retail in the area include Honor Heath, Costco, and the massive Deer Valley Town Center (Target, AMC Theaters, Michaels, etc.), all being located just minutes away at the intersection of the I-17 and Loop 101. The property is also less than 15 minutes to the vibrant Arrowhead area with all the entertainment, Spring Training, restaurants, and retail that the area has to offer. This location allows residents to enjoy, with ease, so much of what the area has to offer. With many dining, shopping, entertainment and employment options, as well as multiple freeway access points within minutes, this property will prove to be an exceptional development opportunity for someone who wants a fantastic opportunity in a phenomenal location. The subject property offers a buyer an infill development opportunity on a nice sized parcel in a submarket where there has been very little in the way of new residential development over the past number of years. The TSMC project along with its supporting suppliers creates a work force demand that will support high density residential development. The existing zoning on the property is commerce park, but the city has indicated that it would support high density residential on the site. The site currently has a portion on the north side in the floodplain, so a developer would need to develop outside of that area or go through the CLOMR/LOMR process to bring the north portion of the site out of the flood plain. The site is located on the busy major arterial, Deer Valley Road, making the development options fairly extensive. An investor could do high density residential, townhomes, commercial / office, retail, small industrial, storage, etc. The size and location make this a great development opportunity in one of the hottest submarkets in the Phoenix metropolitan area.