+/- 1.34 Acres Chandler Mall Area — Sale in Chandler, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Chandler, AZ 85226

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Description

Marcus & Millichap is pleased to exclusively present for sale +/- 1.34 acres of vacant land situated on the west side S. Chandler Village Dr, Chandler, Arizona 85266. The property is located in a mature area of Chandler and the last remaining vacant parcel is within the Chandler Fashion Center complex area. The property is to the immediate west of the Chandler Fashion Center and surrounded by a mix of commercial uses such as Element Hotel, Hyatt Place, Town Place Suites by Marriott, restaurants, banks, national retailers as well as the Met at Fashion Center and Riata multifamily communities and single family homes to the immediate south of the site. The property was part of +/- 3.56 acre rezoning case in 2014 approved by the City of Chandler changing the site’s zoning from Planned Industrial (I-1) to Planned Area Development (PAD). Per the PAD, +/- 2.22 acres was approved for a 4 story, 107 room Element Hotel by Westin and the remaining +/- 1.34 acres was reserved for future commercial development. Under the PAD, examples of allowed commercial development on the site include but are not limited to apparel & clothing, cometic store, bakery, bank/credit union, childcare/nursery, restaurant w/drive thru, furniture, floor coverings, appliance, jewelry store, professional offices, etc. The +/- 1.34 acres has +/- 340 ft of frontage on S. Chandler Village Dr, level topography and 2 access points from S. Chandler Village Dr. The sidewalk, curb, gutter and drainage retention area are already in place. The site is ready for development with City of Chandler water and sewer line located near the property. Buyer to verify all utility locations and capacity levels during due diligence period. Investment Highlights: • • Last Available Vacant Commercial Parcel in Chandler Fashion Center Complex Area • • Zoned PAD – Commercial • 2/3 mile from Loop 101 • • 2023 Population 46k, 260k & 1M, 2, 5 & 10 Miles, Respectively (CoStar) • • Avg Household Income $119k & $109k, 2 & 5 Mile

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