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NWQ 56th St & Loop 101
Phoenix, AZ 85054
CityNorth Hotel/Retail Opportunity · Land For Sale
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2.83 AC
Investment Highlights
- Fully entitled ±2.83-acre parcel with C-2 zoning.
- Located within a major regional draw featuring Desert Ridge Marketplace and CityNorth.
- Fully improved site with proposed access points for ease of development.
- Exceptional visibility along Loop 101 with 179,000 vehicles per day.
- Surrounded by national retailers, restaurants, and entertainment venues.
- Strong demographics with high household incomes and dense daytime population.
Executive Summary
This ±2.83-acre parcel offers a rare opportunity to acquire a fully entitled, C-2 zoned site within the dynamic CityNorth and Desert Ridge corridor in Phoenix, Arizona. Positioned along Loop 101 with visibility to approximately 179,000 vehicles per day, the property benefits from exceptional regional connectivity and exposure. The site is fully improved and shovel-ready, making it an attractive option for developers and investors seeking to capitalize on one of the fastest-growing submarkets in the Phoenix metro area.
Surrounded by a robust mix of national retailers, dining, entertainment, and hospitality—including Target, Kohl’s, AMC Theatres, and JW Marriott—the location draws consistent traffic from both local residents and regional visitors. The area’s strong demographics, with average household incomes exceeding $160,000 within a five-mile radius, further enhance the long-term value proposition. This property is ideally suited for hotel, retail, or mixed-use development, offering a unique opportunity to secure a prime position in a high-demand trade area.
Surrounded by a robust mix of national retailers, dining, entertainment, and hospitality—including Target, Kohl’s, AMC Theatres, and JW Marriott—the location draws consistent traffic from both local residents and regional visitors. The area’s strong demographics, with average household incomes exceeding $160,000 within a five-mile radius, further enhance the long-term value proposition. This property is ideally suited for hotel, retail, or mixed-use development, offering a unique opportunity to secure a prime position in a high-demand trade area.
Property Facts
1 Lot Available
Lot
| Lot Size | 2.83 AC |
| Lot Size | 2.83 AC |
2.83 Acres Zoned C-2 for commercial use fronting Loop 101 with 179,000 VPD.
Description
The property consists of approximately 2.83 acres located at the northwest quadrant of 56th Street and Loop 101 in Phoenix, Arizona. It is zoned C-2 and is fully entitled for commercial development. The site is adjacent to the CityNorth and Desert Ridge developments, which include retail, dining, entertainment, and hospitality uses. The property has direct visibility from Loop 101 and is accessible via City North Drive. Surrounding land uses include regional retail centers, multifamily residential, and major employers such as Mayo Clinic and American Express.
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