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    Surprise, AZ 85379

    For Sale
    Contact for pricing

    Prime Retail Land, Waddell Rd Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.01-acre parcel presents a remarkable new development opportunity in the thriving city of Surprise, Arizona. Located at the E/SEC of Litchfield and Waddell Roads, this C2-zoned land boasts over 600 feet of high-visibility frontage on Waddell Road, ensuring excellent ingress and egress for any retail development. The property's APN is 501-36-930/501-36-029. Its strategic location benefits from a signalized intersection at 137th Avenue and Waddell Road, providing optimal traffic flow and exposure. The site is situated in a dense retail corridor, surrounded by established businesses including Safeway, Fry's, AMC Theaters, Walgreens, McDonald's, and Chase Bank, creating a strong foundation for future success. PAD sizes are flexible, allowing for customization to suit various retail concepts. This property is ideal for developers seeking to capitalize on the robust growth and high demand for retail space in this dynamic area. Whether you are interested in purchasing the land outright or exploring ground lease options, this location offers unparalleled potential for a thriving retail venture. Contact for pricing details and to discuss build-to-suit options.

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    174,676 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.35334
    Latitude
    33.60862

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, Waddell Rd Frontage
    Where is this land located?
    The property is located at Surprise, AZ.
    (480) 426-1670
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    Surprise, AZ 85379
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Surprise, AZ 85379
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