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Commercial

7.589 Acres W Happy Valley Road

W Happy Valley Rd, Surprise, AZ 85387

Listing Price: $1,300,000

Lot Size
7.59 acres
Price/Acre
$171,278
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 7.59 acres of vacant land at the southwest corner of West Happy Valley Road and North 157th Avenue alignment. The property is located in the fast growing Rancho Mercado 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 square shaped property has ± 660 feet of frontage on West Happy Valley Road and ± 400 feet of frontage on the North 157th Avenue alignment 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

  • Rapidly Growing Residential Area
  • Underserved Commercial, Multifamily & Retail Area
  • Possible Rezoning to Medium Density Residential or 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 in June 2021

Exclusively Listed By

Commercial

7.589 Acres W Happy Valley Road

Listing Price: $1,300,000

Lot Size
7.59 acres
Price/Acre
$171,278
Land Type
Land

Investment Highlights

  • Rapidly Growing Residential Area
  • Underserved Commercial, Multifamily & Retail Area
  • Possible Rezoning to Medium Density Residential or 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 in June 2021

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale ± 7.59 acres of vacant land at the southwest corner of West Happy Valley Road and North 157th Avenue alignment. The property is located in the fast growing Rancho Mercado 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 square shaped property has ± 660 feet of frontage on West Happy Valley Road and ± 400 feet of frontage on the North 157th Avenue alignment 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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