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20555 W Verrado Way
Buckeye, AZ 85326
Aviator Apartments - Proposed Development · Land For Sale
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17.89 AC
Investment Highlights
- Fully entitled, permit-ready multifamily site
- Proposed density is 28.5 dwelling units per acre
- Priced Aggressively at $19,412 per Unit
- No zoning density cap with potential for increased height
- Located in one of the fastest-growing cities in the U.S.
- Minutes to Interstate 10 and Loop 303
Executive Summary
Property Summary
I-10 and N. Verrado Way at West Fillmore Highstreet is a proposed 510-unit multi-family community located East of Verrado Way and North of Fillmore Street (APN: 502-35-836). The subject parcel is 17.89 acres and is permit-ready. The project is located within the Buckeye Gateway Activity Center and the future specific plan area called “The Landing”.
The proposed multi-family community will include nine garden-style residential buildings, all three stories in height and one amenity clubhouse building. The proposed density is 28.5 dwelling units per acre (including the undevelopable flood zone land), with unit mix of 28.2% studio, 29.4% one-bedroom and 42.4% two-bedrooms. Water capacity and EDUs (Equivalent Dwelling Unit), wastewater capacity have already been contracted.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 17.89 AC |
| Zoning | MF-2 - Multifamily 2 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 17.89 AC |
| Zoning | MF-2 - Multifamily 2 |
1 Lot Available
Lot
| Price | $9,990,000 | Lot Size | 17.89 AC |
| Price Per AC | $558,412.52 |
| Price | $9,990,000 |
| Price Per AC | $558,412.52 |
| Lot Size | 17.89 AC |
Description
Marcus and Millichap is pleased to present for Sale or Joint Venture a proposed 510-unit multifamily community located East of Verrado Way and North of Fillmore Street (APN: 502-35-836). The subject parcel is 17.89 acres and is ready to submit for permits. The project is located within the Buckeye Gateway Activity Center and the future specific plan area called “The Landing” and adjacent to developing employment hub and the new “Verrado Marketplace.” The conceptual multi-family community will include nine garden-style residential buildings, all three stories in height and one amenity clubhouse building. The parcel is zoned Multi-Family 2 (MF-2) The project is proposed at 28.5 du/acre acre (including the undevelopable flood zone land). The unit mix is proposed to be 28.2% studio, 29.4% one-bedroom and 42.4% twobedrooms. Final site plan approved, and site is ready for permit application. Water capacity and EDUs (Equivalent Dwelling Unit) have been contracted.
Property Taxes
| Parcel Number | 502-35-836 | Improvements Assessment | $0 |
| Land Assessment | $301,788 | Total Assessment | $301,788 |
Property Taxes
