Peoria Ave - Peoria and Reems Land 51.16 Acres of Commercial Land Offered at $46,044,577 CAD in Surprise, AZ 85379

What an opportunity for commercial development in the fast-growing city of Surprise, AZ, about 45 minutes northwest of Phoenix. This 51.16-acre parcel has so much potential! Located in the neighborhood of Rancho Gabriela, the parcel is zoned for industrial use. The Planned Area Development (PAD) regulations allow for a building up to 35 feet high, with setbacks ranging from 3 to 35 feet. The industrial PAD was created to provide space for limited manufacturing, processing, warehousing and other similar indoor (and some outdoor) uses. The “Permitted Use” list includes more than 30 businesses that could potentially gain approval to operate within the PAD. Examples include a manufacturing plant (there are two across the street), restaurants, retail commercial operations, research development & testing laboratories, office space and a gas station. Within a five-mile radius of Surprise, the population’s median age is 37 years old with an average household income of $86K. In five years, both the population and incomes are expected to grow. Any business at this location would have easy access to the 303, Rt. 60 and the Northern Pkwy. This is a great time to bring your real estate syndicate to Surprise, Arizona to create a profitable business.