Avondale is located just west of the Greater Phoenix Metropolitan area and is situated in an ideal corridor of Interstate 10 and the Loop 101. This area is a mecca of multiple power retail centers, an extensive auto mall, hotels, restaurants, business parks and more.
The population in Avondale is expected to reach 123,000 by the year 2020. The anticipated build-out population is estimated to be 170,000 residents. That rapid growth makes Avondale one of the fastest-growing communities in the valley, and the nation. Over the last decade, housing starts grew more than 700% with a current average home price of $237,000. Household income has steadily increased and is currently estimated at $70,500.
To keep pace with the rapidly-growing population, a variety of cultural, economic, recreational and educational advantages have evolved. Resources range from the programs of the West Valley Arts Council to the academic resources of Estrella Mountain Community College and Universal Technical Institute. Phoenix International Raceway (PIR) is located in Avondale and is billed as the world’s fastest one-mile paved oval. PIR plays host to multiple NASCAR events annually, each attracting nearly 400,000 enthusiasts and hundreds of race teams, contributing millions of dollars into the state and local economy.
Avondale has already begun the next step in its evolution to meet the growing local demand for employment, with an emerging medical sector, attraction of offices, business parks and light manufacturing. Over 400 acres, designated as employment in the General Plan, is currently in various stages of design approval, and under construction.
Disclaimer: The property and other information contained within this document has been obtained from sources believed to be reliable; however, Cavan Realty, Inc. has not verified such information and makes no guarantee, warranty or representation as to the accuracy of such information. It is the responsibility of the buyer or prospective buyer to independently confirm the accuracy and completeness of such information prior to any reliance thereon, or the lease or purchase of the property.
