$2B Freeway Spawns Land Opportunity
No stranger in representing multifamily and land opportunities, Chip Kloppenburg and John Trujillo with Sperry Van Ness in Phoenix are ready to make their own “land” mark at 5252 S. 36th Street in Phoenix, AZ who are representing the seller. The 9.64 acres are located only 10 miles from the recently approved Loop 202 extension off Pecos Rd.
The decision to end three decades of political squabbling finally came to an end last month and it’s become a huge milestone for the valley’s transportation needs. This will finally complete the original 202 loop system that opened up for traffic in 2006, known as the Red Mountain Freeway.
“Any developer should be excited about this land parcel because there are so many amenities in the area. You have schools, the airport nearby, a few golf courses, and most importantly freeway access, including the upcoming extension.” Kloppenburg said, “This is a great opportunity and plenty of land to use for a great economic development.”
This freeway link is proposed in connecting the east and west of Pecos Road and then north and south between 55th and 63rd avenues connecting Interstate 10 on each end. This could also be an economic boom for the Gila River community and all commercial properties within the vicinity, paving the way for more visitors in all directions.
Courtesy Map: Provided by ADOT