How Bridges Drive Commercial Real Estate Opportunities
While the discussion on iconic bridges primarily revolves around their architectural and engineering significance, these structures can indeed have an impact on commercial real estate in the areas they connect. Here’s a few reasons why:
1.) Increased Property Values
Bridges often serve as crucial transportation links, connecting different regions and facilitating accessibility. Areas on either side of a well-connected bridge may experience increased property values, making them attractive for commercial real estate development.
2.) Development Opportunities
Proximity to major bridges can create development opportunities for commercial real estate projects. Access to these key transportation routes enhances the appeal of an area for businesses, leading to the development of office spaces, retail centers, and other commercial properties.
3.) Tourism and Commercial Activity
Iconic bridges are often tourist attractions, drawing visitors and commercial activity to the surrounding areas. This increased foot traffic can stimulate the local economy, driving demand for hospitality, retail, and entertainment properties.
4.) Transportation Infrastructure Impact
Bridges contribute to the overall transportation infrastructure, impacting logistics and supply chain efficiency. Areas with well-developed transportation infrastructure, including bridges, may attract businesses that rely on the seamless movement of goods, leading to industrial and warehouse property development.
5.) Urban Revitalization
Bridges can be catalysts for urban revitalization. Renovation or redevelopment projects around bridge areas can transform underutilized spaces into vibrant commercial districts, attracting businesses and investors seeking prime real estate in well-connected locations.
6.) Mixed-Use Developments
Proximity to major bridges can encourage mixed-use developments that incorporate residential, commercial, and recreational spaces. The convenience of access provided by the bridge can make these developments highly desirable for a diverse range of tenants and businesses.
7.) City Connectivity and Business Centers
Bridges often connect different parts of a city, creating a network that enhances connectivity between business centers. Commercial real estate in close proximity to these bridges can benefit from the accessibility and connectivity to major economic hubs.
While bridges themselves are not commercial real estate, their presence and impact on connectivity can significantly influence the development and value of commercial properties in the surrounding areas. Businesses often seek locations with easy access to transportation infrastructure, making areas around major bridges prime real estate for various commercial ventures.
Here are 10 bridges in Arizona along with some facts about each!
1.) Mike O’Callaghan–Pat Tillman Memorial Bridge:
– Location: Connecting Arizona and Nevada near the Hoover Dam.
– Length: Approximately 579 meters (1,900 feet).
– It offers stunning views of the Hoover Dam and the Colorado River.
2.) Navajo Bridge:
– Location: Over the Colorado River in northern Arizona.
– There are two bridges, the old and the new, providing a crossing for US Route 89A.
3.) London Bridge (Lake Havasu City):
– Origin: Originally built in London, UK, in the 19th century.
– Relocated: Transported to Lake Havasu City in 1968.
4.) Solomon Bridge:
– Location: Near Safford, Arizona.
– It crosses the Gila River and is a vital transportation link in the region.
5.) Central Avenue Bridge:
– Location: Phoenix.
– It spans the Salt River and is part of Central Avenue.
6.) Maricopa-Casa Grande Highway Bridge:
– Location: Near Casa Grande.
– It crosses the Union Pacific Railroad and is a key transportation route.
7.) Gila River Bridge (Butterfield Stage Route):
– Location: Near Sentinel.
– Part of the historic Butterfield Overland Mail Route.
8.) Burnt Corral Creek Bridge:
– Location: Tonto National Forest.
– A scenic bridge crossing over Burnt Corral Creek.
9.) Verde River Bridge (Perkinsville Road):
– Location: Near Perkinsville.
– A picturesque bridge crossing over the Verde River.
10.) Sunset Point Rest Area Bridge:
– Location: Near Black Canyon City.
– It spans over the Agua Fria River and is part of the Interstate 17.
These bridges contribute to the connectivity and infrastructure of Arizona, offering both functional and aesthetic value.
Disclaimer: The information provided is for general informational purposes only. It is not intended as legal advice or a substitute for professional consultation. Readers are encouraged to seek advice from qualified legal professionals regarding their specific circumstances and jurisdiction. The content provider makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this post. Any reliance you place on such information is strictly at your own risk.
