48812 Black Canyon Hwy New River, AZ 85087
This ±2.84-acre commercial land parcel in New River, Arizona (Maricopa County), is offered at $550,000. Located at 48812 N Black Canyon Hwy, 85087, this triangle-shaped property boasts approximately 900 feet of frontage on the east side and 310 feet on the south. Access is via New River Road off I-17, then approximately one mile north on N. Black Canyon Highway. The property enjoys high visibility from I-17, though there's no direct access from the interstate. Currently zoned RU-43 (single-family residential) by Maricopa County, the land presents a compelling opportunity for potential rezoning to commercial use, given its proximity to a mix of RU-43, R-4, and C-2 zoned properties, and its location near New River Elementary School and a blend of residential and commercial developments. The topography is rolling/sloping with native desert vegetation. The property is approximately four miles north of the Anthem area, offering convenient access to I-17. The APN is 202-12-033B. Buyers are responsible for exploring potential rezoning options with Maricopa County. This elevated site offers excellent visibility and presents a unique investment opportunity in a growing area.
Cap rate
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Property description
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