Property profile

60 And State Rte Morristown, AZ 85342

OFF-MARKET
Land
18 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 18-acre commercial land parcel presents a unique investment opportunity at the highly visible southeast corner of US Highway 60 and State Route 74 in Morristown, Arizona (zip code 85342, APN 503-22-021A). Zoned RU-43, this property boasts a strategic location at the intersection of two major truck routes, offering unparalleled exposure and accessibility. The asking price is $4,900,000, translating to a land value of $6.25 per square foot. Its proximity to significant infrastructure is a key advantage. The site is approximately six miles from BNSF land, providing convenient access to rail transportation. Furthermore, its location offers easy access to the Taiwan Semiconductor Manufacturing Company (TSMC) facility, a major economic driver in the region, and is approximately a 30-minute drive from the gateway to Las Vegas. The area is experiencing significant residential growth, with plans for approximately 5,000 new homes in the immediate vicinity, ensuring a robust and expanding customer base for future development. This hard corner location offers exceptional visibility and potential for a wide range of commercial uses, making it an ideal investment for developers seeking a high-impact location in a rapidly growing market. The property's size and strategic location make it an exceptional opportunity for significant return on investment.

Property profile

Verified
Property type Land
Lot 18 ac (784,080 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

60 And State Rte Morristown, AZ 85342
Morristown metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 60 And State Rte?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message