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Investment Highlights

  • Approximately 440 acres designated for neighborhood and scenic lands development within Surprise Planning Area.
  • Proximity to major employment hubs, including the Northern Jobs Corridor and Taiwan Semiconductor facilities.
  • On-site well infrastructure includes a 1,000-ft depth, 8-inch casing, and 35-gallon-per-minute pump capacity.
  • Conveniently located near SR-74 and US 60 interchange with quick access to Loop 303, providing regional connectivity.
  • High desert elevation of 2,000 feet offers panoramic mountain views and desirable living conditions.
  • Interim functionality supported by existing improvements, including a guest house, warehouse/mill, and horse amenities.

Executive Summary

This ±440-acre development site in the Surprise Planning Area presents a significant opportunity for large-scale residential and mixed-use projects in one of Arizona’s fastest-growing regions. Positioned just north of Surprise, the property benefits from scenic desert surroundings with panoramic views and sits at an elevation of 2,000 feet, providing a high-desert setting that appeals to both future residents and developers.
The property is zoned under the general plan for neighborhood and scenic lands development, making it suitable for master-planned communities or phased residential buildouts. Its strategic location offers direct connectivity to regional corridors via SR-74 and US 60, along with rapid access to Loop 303, Taiwan Semiconductor Manufacturing Company, and the Northern Jobs Corridor. The site’s scale and utility infrastructure, including a well capable of delivering significant water flow, enhances attractiveness for near- to long-term development.
Interim uses are supported by the property’s existing improvements, which include an 18,000-square-foot home, a warehouse/mill, a guest house, a one-mile oval horse track, and stables. This collection of amenities offers flexibility while developers prepare for full-scale construction, providing revenue potential and operational utility ahead of projected explosive population growth in the region.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Hold For Development
Total Lot Size 440.00 AC
Zoning R-43, County - High Density Multi Fam Residence

1 Lot Available

Lot

Lot Size 440.00 AC
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 21536865

  • Date on Market: 11/18/2020

  • Last Updated:

  • Address: 243rd Ave & Grand, Morristown, AZ 85342

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