Nwc Cornman Rd & Corrales Rd Casa Grande, AZ 85122
- Land
- 112.89 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nwc Cornman Rd & Corrales Rd
- Lot size
- 112.89 lot acres
- Property type
- Land
Description
This exceptional 112.89-acre commercial land parcel in Casa Grande, Arizona, presents a significant investment opportunity. Comprised of three contiguous parcels (APN 511-67-0060, 511-67-0080, and 511-67-0090), each approximately 37 acres, the property is zoned CR2&5 and offers significant potential for development. Located at the Northwest corner of Cornman Road and Corrales Road, this vacant, unimproved land boasts a strategic position approximately one mile northeast of the 2,360-acre Attessa Complex, a large-scale development currently under construction that will create over 13,000 jobs and include residential homes, a hotel, and a convention center. Furthermore, the property is situated about 3.5 miles west of Lucid's recently completed Phase 1 electric vehicle manufacturing plant, employing over 4,000 workers. Convenient access is provided by a full diamond interchange approximately 1.5 miles away at Montgomery Road and I-8 Highway. The asking price is $5,080,050, or $45,000 per acre. Cash or terms are acceptable. Additionally, the property is available for sale or land lease, with a starting annual lease rate of $225,780 ($2,000 per acre per year), including a 3% annual CPI increase. No improvements are to be provided by the lessor unless otherwise negotiated. This property offers unparalleled access to a rapidly growing area with significant employment opportunities and infrastructure improvements.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Casa Grande
- County
- Pinal
- State
- Arizona
- Longitude
- -111.749
- Latitude
- 32.9384
