For Sale
$5,452,650

Nec Peters Rd & Midway Rd Casa Grande, AZ 85193

Prime Arizona farmland, ideal for development.

Overview

Added:
Dec 11, 2024
Days on market:
138
This ±155.79-acre parcel of vacant, unimproved land is located in Casa Grande, Arizona, at the Northeast corner of Peters Road and Midway Road (APN: 503-53-005A). The property is zoned AG and offers significant development potential. The asking price is $5,452,650, translating to approximately $35,000 per acre. Lease options are also available with a maximum term of five years and a starting annual rate of $133,841.61 ($891.21 per acre per year), subject to a 3% annual CPI increase. No improvements will be provided by the lessor

Highlights

  • ±155.79-acre vacant land parcel in Casa Grande, AZ, at Peters & Midway Roads (APN: 503-53-005A), zoned AG.
  • Asking price: $5,452,650 ($35,000/acre); Five-year lease option available at $133,841.61 annually ($891.21/acre/year), subject to 3% annual CPI increase. No improvements included.
  • ±3 miles north of the ±2,360-acre Attessa Motorsports Complex (13,000+ jobs, residential, hotel, convention center planned).
  • ±4.5 miles west of Lucid Motors' Phase 1 electric vehicle plant.
  • Full diamond interchange 2.5 miles south at Montgomery Rd & I-8.

Property Details for 0 Nec Peters Rd & Midway Rd

Property type
Land, Farms

Location Insight

City
Casa Grande
County
Pinal
State
Arizona
Latitude
32.8249971
Longitude
-111.8330106

FAQs

What type of property is this?
Land - Prime Arizona farmland, ideal for development.
Where is the land located?
The property is located at Nec Peters Rd & Midway Rd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $5,452,650.
What are key features of this property?
This property features: ±155.79-acre vacant land parcel in Casa Grande, AZ, at Peters & Midway Roads (APN: 503-53-005A), zoned AG.; Asking price: $5,452,650 ($35,000/acre); Five-year lease option available at $133,841.61 annually ($891.21/acre/year), subject to 3% annual CPI increase. No improvements included.; ±3 miles north of the ±2,360-acre Attessa Motorsports Complex (13,000+ jobs, residential, hotel, convention center planned).
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0 Nec Peters Rd & Midway Rd
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