0 Of Cotton Ln And Waddell RdSurprise, AZ 85388
- Land
- 5.00 AC
Property Details for 0 Of Cotton Ln And Waddell Rd
- Lot size
- 5.00 AC
- Property type
- Land
Description
This exceptional 5-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Surprise, Arizona market. Located at the Northeast corner of Cotton Lane and Waddell Road, this property is zoned PAD - Prasada Gateway Village 2, allowing for a variety of commercial development options. Its strategic location offers unparalleled access to major transportation arteries, with Loop 303 (carrying 66,983 vehicles per day) just half a mile west. The site benefits from its adjacency to a newly constructed 364-unit Nextgen apartment development, ensuring a robust and growing customer base. Furthermore, this land is situated within the thriving Prasada Trade Area, a master-planned community experiencing explosive growth in both retail and residential sectors. This expansive community encompasses 14,000 single-family homes, 360 multifamily units, medical services, office spaces, and hospitality venues, totaling 3,355 square feet. The area boasts impressive demographics, with average household incomes within a one-mile radius reaching $91,786. This presents a compelling opportunity for developers seeking to capitalize on the significant growth and high demand in this dynamic location. The property's size and zoning make it ideal for a variety of commercial uses, offering substantial potential for long-term appreciation and strong rental income. This is a rare chance to acquire a prime commercial parcel in one of Arizona's fastest-growing areas.
Location Insight
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.6097
- Longitude
- -112.427
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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