Carefree Hwy Cave Creek, AZ 85331
- Land
- 2.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Carefree Hwy
- Lot size
- 2.00 lot acres
- Property type
- Land
Description
This exceptional ±2-acre commercial land parcel presents a unique investment opportunity in the thriving Cave Creek, Arizona market. Boasting approximately 330 feet of frontage on East Carefree Highway and approximately 265 feet on N 49th Street, this level, vacant site enjoys high visibility and accessibility. Located near the bustling intersection of Cave Creek Road and Carefree Highway, it benefits from significant daily traffic volume—estimated at approximately 26,000 vehicles per day in 2022, according to CoStar data. The property is situated within a robust commercial corridor, surrounded by established businesses including Fry's Marketplace, Home Depot, Lowe's, Walmart, and numerous restaurants and service providers. The area also shows ongoing residential and commercial development, indicating strong future growth potential. The current zoning is DR-89, and while General Commercial zoning is prohibited under the Carefree Highway Specific Area Plan Overlay, the General Plan indicates potential rezoning to Commercial Buffer (CB). Permitted uses include offices, neighborhood services, and retail (excluding drive-thrus and high water usage businesses). The property is conveniently located near Town of Cave Creek water and sewer lines. Prospective buyers are advised to independently verify all utility access, location, and capacity during their due diligence process. The asking price is $939,000. The APN is 211-47-027A. This prime location and high traffic count make this a compelling opportunity for developers and investors seeking a foothold in a dynamic and expanding market.
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
- Cave Creek
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.975
- Latitude
- 33.7998
