60 And State Rte Morristown, AZ 85342
- Land
- 18.00 lot acres
Current Use by Public Records
- Land
Property Details for 60 And State Rte
- Lot size
- 18.00 lot acres
- Property type
- Land
Description
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.
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
- Morristown
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.633
- Latitude
- 33.8636
