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0 Ocotillo Rd & Schnepf Rd - CorSan Tan Valley, AZ 85140

3-Acre Development Site, High Growth

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 3-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding San Tan Valley, Arizona. Located at the southwest corner of Ocotillo Road and Schnepf Road, this hard corner site boasts unparalleled visibility and accessibility. Ocotillo Road, a major east-west artery, sees 30,000 vehicles daily, ensuring significant exposure for any development. The property benefits from its proximity to a recently opened Safeway shopping center, further solidifying its strategic location within a thriving retail corridor. Convenient access to the planned Highway 24 extension and the Phoenix-Mesa Gateway Airport (within 11 miles) enhances its appeal. The area demonstrates robust growth, with average household incomes within 5 miles reaching $78,000 and a population exceeding 232,000 within a 10-mile radius. Annual population growth is projected at 3% through 2023, reflecting the area's continued expansion. Housing units have increased by over 4% annually since 2010, indicating a strong and sustained residential growth trend. The property is zoned CB-2 (General Business Zone), allowing for a diverse range of commercial uses, making it ideal for a variety of development projects. This prime location, coupled with the area's impressive demographics and growth trajectory, makes this a compelling investment opportunity in a dynamic market. The land is priced at $8.50 per square foot. The site is surrounded by master-planned residential communities, ensuring a substantial customer base for any commercial venture.

Highlights

  • 3-acre commercial land parcel in rapidly growing San Tan Valley, AZ.
  • Average household income within 5 miles is $78,000.
  • Annual housing unit growth exceeding 4% since 2010.
  • Over 232,000 population within a 10-mile radius.
  • Projected 3% annual population growth through 2023.
  • Surrounded by master-planned communities.

Property Details for 0 Ocotillo Rd & Schnepf Rd - Cor

Property type
Land
Lot Size (sq. ft)
130,680 SF

Location Insight

City
San Tan Valley
County
Pinal
State
Arizona
Latitude
33.2490829
Longitude
-111.5287978
Ocotillo Rd & Schnepf Rd - Cor, San Tan Valley, Arizona

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0 Ocotillo Rd & Schnepf Rd - Cor
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