MC85 Hwy & Rooks Rd, Buckeye, AZ 85326
This exceptional 27.88-acre commercial and industrial land parcel is strategically located at the northeast corner of West MC-85 Hwy and South Rooks Road in Buckeye, Arizona. The property boasts 1,038 linear feet of frontage on MC-85 Hwy, which recorded 4,008 vehicles per day (VPD) in 2019. Its prime location offers easy access to major transportation arteries, including Interstate 10 and a full diamond interchange just one mile away. Downtown Buckeye, with 7,965 VPD in 2019, is also just a mile from the property. The land is zoned C-2, Buckeye, permitting retail, employment, and entertainment uses. This presents a unique opportunity for developers seeking to capitalize on the area's rapid growth. The property is surrounded by a mix of commercial, multi-family, single-family, and industrial developments, including the future KORE Power Gigafactory, a significant lithium-ion battery manufacturing facility expected to create thousands of jobs. This location offers a short one-minute drive to downtown Buckeye's amenities and a convenient 30-minute commute to central Phoenix. Phoenix Sky Harbor Airport is approximately 40 miles away. The asking price is $11,879,453. The property's APN is 400-32-001X. Adjacent parcels are available for purchase, potentially expanding the total acreage to 62.84 acres. This presents a compelling investment opportunity in a thriving Arizona market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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