0 Of Cotton Ln And Waddell RdSurprise, AZ 85388

Property Details for 0 Of Cotton Ln And Waddell Rd

Lot size

5.00 AC

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 5-acre parcel presents a remarkable opportunity for retail development in the rapidly expanding Prasada Gateway Village 2. Zoned PAD, this land offers unparalleled potential for businesses seeking a high-visibility location within a thriving community. The property is ideally situated at the northeast corner of Cotton Lane and Waddell Road, benefiting from exceptional accessibility and high traffic counts. Adjacent to a new 364-unit apartment complex, this location ensures a built-in customer base and strong potential for sustained growth. Furthermore, its proximity to the Loop 303 freeway (with 66,983 vehicles per day) provides convenient access for customers and employees. The surrounding Prasada Trade Area is experiencing explosive growth, with significant retail and residential developments underway. This includes a master-planned community encompassing 14,000 single-family homes, 360 multifamily units, medical services, offices, and hospitality options. The area boasts impressive average household incomes of $91,786 within a one-mile radius, indicating strong consumer spending power. This is a rare chance to secure a prime location in a booming market, perfect for a variety of retail concepts. One space is currently available for lease.

Location Insight

City

Surprise

County

Maricopa

State

Arizona

Latitude

33.6097

Longitude

-112.427

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