Property summary
This exceptional 3.36-acre land parcel in Surprise, Arizona, presents a prime opportunity for the development of a 52-unit townhome community. The property, located at 12838 W Paradise Ln, Surprise, AZ 85378 (APN 501-18-068P), is offered at $2,080,000 fee simple. It boasts full approvals and is ready for immediate development, eliminating lengthy permitting processes. Situated within the Surprise Heritage District, this site benefits from its location in both a Qualified Opportunity Zone (QOZ) and a designated Downtown Development Area (DDA) and Qualified Census Tract (QCT), potentially offering significant tax advantages. The strategic location provides convenient access to major transportation arteries, including US-60, Loop 101, and Loop 303, ensuring excellent connectivity for future residents. The SHD-RO zoning designation in Maricopa County supports the proposed townhome development. This is a rare opportunity to acquire a fully permitted site in a high-growth area, poised for immediate construction and strong returns. Don't miss this chance to capitalize on the thriving Surprise real estate market.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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