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20555 W Verrado Way
Buckeye, AZ 85326
The Landing · Land For Sale
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17.89 AC


INVESTMENT HIGHLIGHTS
- Situated on the entry to City of Buckeye, AZ
- Proposed density is 28.5 dwelling units per acre
- Joint Venture Opportunity
- Proposed multi-family community
- 17.89 Acres of vacant land
EXECUTIVE SUMMARY
I-10 and N. Verrado Way
Property Summary
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). The unit mix is proposed to be 28.2% studio, 29.4% one-bedroom and 42.4% two-bedrooms. Final site plan approved, and site is ready for permit application. Water capacity and EDUs (Equivalent Dwelling Unit), wastewater capacity are available.
The community may be accessed by residents from Fillmore Street, and a secondary emergency/fire access will be provided via an easement across the Summit Church parcel to the North, connecting to Roosevelt Street. Residents will enter the community at a gated entry with remote entry, minimizing wait time and queuing length at the main entry. The entrance is designed to accommodate three queued cars with any additional overflow entering the Fillmore dead-end cul-de-sac, not impacting through traffic.
Additionally, the project will incorporate a pedestrian walking path along the western and northern edges of the property, connecting two community park areas and connecting via a gate to the future pedestrian path planned for the flood zone to the immediate east (on-site and to be constructed by others). The proposed pedestrian path is shown in green on the landscape plan below.
The project was designed with a distinct Southwest Contemporary style with material and color selections that harmonize with the rich, warm colors of the Arizona desert and mountains. The building elevation designs will utilize roof line articulation and color diversity that will create an interesting interplay against our azure, blue sky and Arizona’s famous sunsets. Like the elevations, the building footprints will utilize an articulation of wall surfaces, colors and materials plus covered patios to invite an exciting play of shades and shadows that move and change throughout day.
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 | $18,844,921 CAD | Lot Size | 17.89 AC |
| Price Per AC | $1,053,377.33 CAD |
| Price | $18,844,921 CAD |
| Price Per AC | $1,053,377.33 CAD |
| 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 proposed 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), wastewater capacity are available.
PROPERTY TAXES
| Parcel Number | 502-35-836 | Improvements Assessment | $0 CAD |
| Land Assessment | $425,551 CAD | Total Assessment | $425,551 CAD |
