Property summary
This exceptional 141-acre parcel, located at the intersection of Highway 238 and Smith Enke Road in Maricopa, Arizona (zip code 85138), presents a unique investment opportunity for large-scale residential development. Zoned for Medium Density Residential (2-6 DU/AC), this property allows for the creation of a thriving suburban community. The expansive lot size provides ample space for a variety of residential designs, catering to diverse housing needs. The APN numbers are 510-15-002C and 510-15-002F. The property's location offers convenient access to key areas, with an approximate 40-47 minute drive to Downtown Phoenix and Phoenix Sky Harbor International Airport, and a 23-28 minute drive to the Price Road Corridor. The surrounding area is characterized by planned, single-family residential neighborhoods, incorporating significant open space, recreational amenities, and essential community facilities such as schools and churches. This land offers a compelling opportunity to develop a vibrant and desirable residential community in a rapidly growing area. The asking price for this significant land parcel is $11,000,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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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