For Sale
$29,922,270

0 Westward Skies Dr & El Mirage RdPeoria, AZ 85383

45.8 Acres, Prime Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 45.8-acre mixed-use land parcel, located in Peoria, Arizona, presents a compelling investment opportunity. Situated at the intersection of Westward Skies Drive and El Mirage Road, this property boasts a highly desirable PCD | V-MUCC zoning designation, allowing for a diverse range of development options, including office, industrial, and medical spaces. With permitted building heights reaching up to 120 feet, the site offers significant potential for high-density development. The parcel's strategic location within the Vistancia Mixed-Use Commercial Core places it in close proximity to major employers, including Amkor Technology, which is currently in escrow to purchase adjacent land for a substantial new facility, and the soon-to-open American Leadership Academy, a 2,400-student K-12 charter school. The area's thriving business environment, skilled workforce, and modern infrastructure create a favorable climate for development. Further enhancing the property's appeal is the nearby Vistancia Point project, which includes a new Fry's Marketplace and additional retail spaces, scheduled to open in November 2024. The asking price is $29,922,270, with a land value of $15 per square foot. The property's APN is 510-08-953, and it is owned by Vistancia Development LLC. This is a rare opportunity to acquire a large, strategically located parcel in a rapidly growing area of the Phoenix metropolitan area.

Highlights

  • Amkor Technology, a $7B public company, is under contract to purchase land and build a $2B advanced packaging facility, creating ~2,000 jobs.
  • American Leadership Academy is constructing a 2,400-student K-12 charter school, opening Fall 2025, including sports fields and a joint-use neighborhood park.
  • Vistancia Point will feature a new 123,722 SF Fry's Marketplace, opening November 6, 2024, plus 33,300 SF of additional retail and a 20-pump gas station.

Property Details for 0 Westward Skies Dr & El Mirage Rd

Property type
Land, Industrial properties
Lot Size (sq. ft)
1,995,048 SF

Location Insight

City
Peoria
County
Maricopa
State
Arizona
Latitude
33.740274
Longitude
-112.315411
Westward Skies Dr & El Mirage Rd, Peoria, Arizona

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0 Westward Skies Dr & El Mirage Rd
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