60 And State Rte, Morristown, AZ 85342
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.