Retail-zoned land off Hunt Highway and Merrill Ranch Road sells in Florence
Posted 1/19/22
SVN | Desert Commercial Advisors in Phoenix just sold 4 acres of land located on the southeast corner of Hunt Highway and Merrill Ranch Road for $950,000.
This is the second commercial piece of …
You must be a member to read this story.
Join our family of readers for as little as $5 per month and support local, unbiased journalism.
Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
Real Estate
Retail-zoned land off Hunt Highway and Merrill Ranch Road sells in Florence
Posted
SVN | Desert Commercial Advisors in Phoenix has sold 4 acres of land on the southeast corner of Hunt Highway and Merrill Ranch Road for $950,000.
This is the second commercial property to sell in the same popular intersection in Florence. Economic development in Florence is showing momentum from new residential homes, commercial real estate and land development for possible medical, retail and/or industrial opportunities.
SVN Director of Retail and Sales Investments Rommie Mojahed represented the seller and buyer in the transaction.
“The Southeast Valley is continuing to expand to Florence and Coolidge. It is exciting to see the residential growth and commercial that is following it,” Mojahed stated in a press release.
Less than a year ago, Mojahed sold about 1.5 acres to the Circle K Corp. to build a new Circle K, which is under construction. The buyer for this second property is long-time client Tony Quintana with Hunt Highway Holdings LLC. He is looking to develop on site or sell the land. The 4 acres is across the street from Anthem at Merrill Ranch, a master-planned community from a mix of homebuilders, including D.R. Horton, Pulte and Del Webb.
Florence’s Director of Economic Development Elan Vallender has stated residents “in Anthem at Merrill Ranch have expressed a desire to see more dining options and community services-based businesses.”
The area continues to attract national tenants. The Safeway-anchored shopping center is full of retail and restaurants, as well as banking institutions and more. There are still some available retail parcels on the northwest corner.
“We hope that we will be able to bring in some fast-food concepts, sit-down dining restaurants and retail shops that will bring more dining and shopping experiences for the residents in the area,” Mojahed stated.
