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Commercial

3.383 Acre SEC N 163rd Ave & W Happy Valley Road

3.383 Acre SEC N 163rd Ave & W Happy Valley Road, Surprise, AZ 85387

Listing Price: $800,000

Lot Size
3.38 acres
Price/Acre
$236,686
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 3.38 acres of vacant land at the southeast corner of West Happy Valley Road and North 163rd Avenue. This site will eventually be at a signalized hard corner. The property is located in the fast-growing area of northwest Surprise. The current population within five miles and 10 miles are 86,500 and 389,500, respectively. By 2025, the growth is anticipated to be over 95,200 and 421,000 with five miles and 10 miles, respectively. The property is surrounded by several new single family developments, with homebuilders such as Lennar (Asante), William Lyon Homes, Homes by Towne, Taylor Morrison, Fulton Homes, Centex Homes, Ashton Woods, Richmond American Homes, Pulte Homes, KB Homes, Courtland Communities and Shea Homes are currently constructing or planning homes in the vicinity of the subject site. The property is currently zoned Residential Ranch (RR) by the City of Surprise. The City’s General Plan designated this site within a Neighbor Character Area, which permits medium density residential and C-1 and C-2 commercial zoning. This future signalized hard corner site is square shaped with has ± 295 feet of frontage on North 163rd Avenue and ± 480 feet of frontage on West Happy Valley Road as well as level topography. City of Surprise water and sewer services are located on the north side of the property in West Happy Valley Road. Seller will allow a buyer time to pursue governmental approvals.

Investment Highlights

  • Future Signalized Hard Corner
  • Rapidly Growing Residential Area
  • Possible Rezoning to Commercial C-1 & C-2
  • Quick and Easy Access to Loop 303 Freeway & Route 60
  • Median HH Income $113K within 1-Mile Radius
  • W. Happy Valley Rd. Construction Slated for Completion June 2021

Exclusively Listed By

Commercial

3.383 Acre SEC N 163rd Ave & W Happy Valley Road

Listing Price: $800,000

Lot Size
3.38 acres
Price/Acre
$236,686
Land Type
Land

Investment Highlights

  • Future Signalized Hard Corner
  • Rapidly Growing Residential Area
  • Possible Rezoning to Commercial C-1 & C-2
  • Quick and Easy Access to Loop 303 Freeway & Route 60
  • Median HH Income $113K within 1-Mile Radius
  • W. Happy Valley Rd. Construction Slated for Completion June 2021

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 3.38 acres of vacant land at the southeast corner of West Happy Valley Road and North 163rd Avenue. This site will eventually be at a signalized hard corner. The property is located in the fast-growing area of northwest Surprise. The current population within five miles and 10 miles are 86,500 and 389,500, respectively. By 2025, the growth is anticipated to be over 95,200 and 421,000 with five miles and 10 miles, respectively. The property is surrounded by several new single family developments, with homebuilders such as Lennar (Asante), William Lyon Homes, Homes by Towne, Taylor Morrison, Fulton Homes, Centex Homes, Ashton Woods, Richmond American Homes, Pulte Homes, KB Homes, Courtland Communities and Shea Homes are currently constructing or planning homes in the vicinity of the subject site. The property is currently zoned Residential Ranch (RR) by the City of Surprise. The City’s General Plan designated this site within a Neighbor Character Area, which permits medium density residential and C-1 and C-2 commercial zoning. This future signalized hard corner site is square shaped with has ± 295 feet of frontage on North 163rd Avenue and ± 480 feet of frontage on West Happy Valley Road as well as level topography. City of Surprise water and sewer services are located on the north side of the property in West Happy Valley Road. Seller will allow a buyer time to pursue governmental approvals.

Exclusively Listed By

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