45147 Madison AveMaricopa, AZ 85139

Property Details for 45147 Madison Ave

Year built

2004

Lot size

6.00 AC

Property size (Sq ft)

1,287 SF

Property type

Commercial real estate

APN

510-18-0020

APU

510180020

Description

This exceptional 6-acre parcel presents a remarkable opportunity for commercial and/or residential development in the thriving Maricopa, Arizona market. Located at 45147 W Madison Ave, this property (APN 510-18-002) offers significant potential due to its strategic location. Situated directly across from the Maricopa Justice Court, the land benefits from high visibility and accessibility. Its proximity to major thoroughfares like John Wayne Parkway and Honeycutt Avenue ensures excellent exposure to a substantial volume of daily traffic. The asking price is $2,090,880, translating to a land value of $8 per square foot. This represents a compelling investment in a rapidly growing area poised for continued expansion. The property's adjacency to future development and infrastructure projects further enhances its long-term value and potential for significant returns. The land's zoning allows for both commercial and residential uses, providing flexibility for a wide range of development possibilities. This is a rare opportunity to acquire a substantial tract of land in a prime location within Maricopa, Arizona. Don't miss this chance to secure a piece of Maricopa's future.

• CAP approach

  CAP return

  Valuation

  6%

  $226,968

  6.5%

  $209,509

  7%

  $194,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $198,391

  Geo Method

  $198,391

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $441,298

  Retail / Commercial

  $220,653

  Mixed-Use / Specialty

  $215,420

  Hospitality / Lodging

  $152,258

  Office

  $209,509

  Institutional / Educational

  $222,361

  Residential Income

  $260,162

  Multifamily

  $336,674

  Automotive / Energy

  $190,595

  Parking / Income-Based Land

  $70,164.90

  Restaurant / Food Service

  $102,552

  Healthcare / Senior Housing

  $225,469

Location Insight

City

Maricopa

County

Pinal

State

Arizona

Latitude

33.0609

Longitude

-112.053

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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