Investment Overview

Marcus & Millichap is pleased to exclusively present for sale +/- 41.25 acres of vacant land located at the SEC of N. 163rd Avenue and W. Dynamite Boulevard in Surprise, Arizona. The site is located in the fast growing area of northwest Surprise. The subject property’s eastern and southern borders are adjacent to the proposed Rio Caballo master planned community, which is a +/- 187 acre gated single family home community that will have up to 700 homes. Several new single family housing developments are planned and/or under construction near the property. The homebuilders include Lennar, Homes by Towne, Landsea Homes, Taylor Morrison, Fulton Homes, Centex Homes, Ashton Woods, Richmond American Homes, Pulte Homes, KB Homes, Courtland Communities, Shea Homes, Meritage Homes, and Fulton Homes The property is currently zoned Residential Ranch (RR) by the City of Surprise. This square shaped parcel has +/- 1,320 ft of frontage on N. 163rd Avenue and +/- 1,360 ft of frontage on W. Dynamite Boulevard as well as level topography. The site is within the the Rio Caballo water and sewer service delivery area, with City of Surprise providing these municipal services. A buy-in or repayment will be required to develop the subject site. Sellers will allow a buyer reasonable time to pursue governmental approvals.