14014 172nd Ave Surprise, AZ 85388-9408

Property Details for 14014 172nd Ave

Year built

1998

Lot size

4.73 lot acres

Property size

384 SF

Zone code

RU-43

Property type

Commercial real estate

APN

502-01-018G

APU

50201018G

Description

This exceptional 13.95-acre land parcel in Surprise, Arizona, presents a unique mixed-use development opportunity. Located at 14014 N 172nd Ave, with APN 502-01-018F, 502-01-018G, and 502-01-018P, this property is zoned AG and offers significant potential for various uses, including multifamily, assisted living, single-family residential, townhomes, and office space. The property is part of a larger potential assemblage of up to 107 acres. A key advantage is the near-termination of a CC&R restriction limiting development to housing only, opening the door for diverse projects. Furthermore, the seller has already dedicated land to the City of Surprise, securing an agreement covering all costs associated with the widening of Waddell Road. This includes off-site improvements such as sidewalks, curbs, gutters, water retention systems, and traffic signals, valued at approximately $2 million. These improvements are fully transferable to the buyer upon closing, representing substantial cost savings. The property's strategic location is 0.75 miles from the Loop 303/Waddell Road diamond interchange, within a strong employment corridor and area of high household incomes, and near millions of square feet of new retail development. Note that this property is a county island with grandfathered development guidelines and is located near a military airport, potentially subject to increased noise and accident risk. A Dignity Hospital and a 240,000 square foot medical office building are approved for development approximately one mile away. This presents a rare combination of prime location, substantial municipal improvements, and significant development potential, making it a highly attractive acquisition for developers and investors.