Current Use by Public Records
- Land
Property Details for 0 Ocotillo Rd & Schnepf Rd - Cor
- Lot size
- 3.00 lot acres
- Property type
- Land
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Tan Valley
- County
- Pinal
- State
- Arizona
- Longitude
- -111.529
- Latitude
- 33.2491
