2803 E. Baseline Rd, Phoenix, AZ 85042

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2803 E. Baseline Rd, Phoenix, AZ 85042

Phoenix, AZ 85042
Asking Price
$689K
Asset Type
Land
Class
Class B

What's Special

Located at 2803 East Baseline Road, this land parcel is situated within the South Mountain submarket of Phoenix. The surrounding neighborhood features a mix of established residential communities and growing commercial corridors. The property offers direct frontage on Baseline Road, a primary east-west arterial, providing efficient access to Interstate 10 and the US-60 freeway. Nearby amenities include various retail centers, the Raven Golf Club, and numerous dining options along the 24th Street intersection. The site is well-suited for commercial development, including professional office space, medical clinics, or neighborhood-serving retail. Given the proximity to high-traffic transit routes and local rooftops, the location is ideal for tenants seeking visibility and accessibility. Potential occupants may include healthcare providers, multi-family developers, or service-oriented franchises looking to establish a presence in the expanding Southeast Valley landscape.

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NOI
$80,000
Cap Rate
11.61%
DSCR
1.96
Strong
Cash-on-Cash
18.91%
Monthly Payment
$3,408.796
Annual Cash Flow
$39,094.447

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