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8925 N Cotton Ln - Guard Ranch 7.31 Acres of Commercial Land Offered at $5,530,000 CAD in Waddell, AZ 85355

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INVESTMENT HIGHLIGHTS

  • Hard Corner Location
  • Regional Mixed Use - City of Glendale
  • Off-Site Improvements Complete

EXECUTIVE SUMMARY

Prime Investment corner adjacent to the 303 Freeway that has all off-site improvements already installed including curb, gutter and landscaping. Curb cuts exist on both Olive and Cotton Lane. Site has an existing home on the property (2,976 sf) that is very well appointed and very livable for temporary income while development is being considered. This is a former citrus grove however citrus tree are no longer under management. Currently there are over 8,000 homes existing and planned for the immediate area within 2 miles of this property. No existing Off-Ramps at Olive therefore access is from the Peoria or Northern off-ramps. General Plan calls for regional mixed use. (Glendale, however property is located in the county currently) Potential for multi-family is not very likely. Utilities are through Epcor.

PROPERTY FACTS

Price $5,530,000 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Mixed Use
  • Carwash
  • Tienda de conveniencia
  • Drugstore
  • Healthcare
  • Hospital
  • Medical
  • Service Station
Total Lot Size 7.31 AC
No. Stories 1
Zoning RU-43 - Rural

1 LOT AVAILABLE

Lot

Price $5,530,000 CAD
Price Per AC $756,497.98 CAD
Lot Size 7.31 AC

Hard Corner (Southeast) of Cotton Lane and Olive Avenue less than 1/4 mile from the 303 freeway.

DESCRIPTION

Prime Investment corner adjacent to the 303 Freeway that has all off-site improvements already installed including curb, gutter and landscaping. Curb cuts exist on both Olive and Cotton Lane. Site has an existing home on the property (2,976 sf) that is very well appointed and very livable for temporary income while development is being considered. This is a former citrus grove however citrus tree are no longer under management. Currently there are over 8,000 homes existing and planned for the immediate area within 2 miles of this property. No existing Off-Ramps at Olive therefore access is from the Peoria or Northern off-ramps. General Plan calls for regional mixed use. (Glendale)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
501-05-006H
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$56,747 CAD
  • Listing ID: 17760357

  • Date on Market: 2019-11-19

  • Last Updated:

  • Address: 8925 N Cotton Ln, Waddell, AZ 85355

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