Pay attention to the planning and zoning in your area of interest to find commercial real estate investment opportunities.
There is an area near where I live and work that has been on my mind a lot in recent weeks as a result of news articles published.
A week or so ago an article was published about the “Sun Corridor” concept that has been batted around for several years now, referring to what many believe will be one metro area stretching from Prescott to Mexico.
If this concept came to fruition many areas along Interstates 17, 10 and 19 could provide commercial real estate opportunities.
What really caught my attention was mention of Phoenix-Mesa Gateway Airport being a potential hub for the Sun Corridor. The Phoenix-Mesa Gateway Airport, built by the federal government as a Air Force Base and served as the former Williams Gateway Air Force Base until 1993.
Currently handling two airlines and some fright traffic, positions itself as a reliever airport for Sky Harbor.
With Phoenix-Mesa Gateway Airport having longer runways than those at Phoenix Sky Harbor International Airport, means in the future Phoenix-Mesa Gateway Airport could be a means by which we get air freight in a convenient hub.
Combined with the Phoenix-Mesa Gateway Airport unveiling a plan to construct a 1.4 billion dollar passenger terminal and the construction underway of the new Arizona 24 freeway on the north side of the airport linking to the San Tan freeway (Loop 202), the future commercial real estate investment opportunities may be sooner than you think.
This information is for informational purpose and not intended to be investment advise, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.