LAND DEVELOPMENT OPPORTUNITY FOR SALE

PORTFOLIO FEATURES

• Surrounded by several new single-family developments
• Rapidly Growing Residential Area
• Underserved Commercial, Multifam, & Retail Area
• Quick, Easy Access to Loop 303 Freeway & Route 60
• Possible Rezoning to Medium—High Density Residential or Commercial C-1 & C-2

Perk Prop is pleased to exclusively present for sale ± 7.59 acres of vacant land at the southwest corner of West Happy Valley Road and North 157th Avenue alignment. The property is located in the fast-growing Rancho Mercado area of Northwest Surprise.

The current population within 5 miles and 10 miles, are 86,500 and 389,500 respectively. By 2025 the growth is anticipated to be over 95,200

and 421,000 5 miles and 10 miles respectively.

The property is currently zoned Residential Ranch (RR) by the City of Surprise. The City’s General Plan designated this site within a Neighbor Character Area, which permits medium density residential and C-1 and C-2 commercial zoning.

The property is surrounded by several new single-family developments, with homebuilders such as Lennar (Asante), William Lyon Homes, Homes by Towne, Taylor Morrison, Fulton Homes, Centex Homes, Ashton Woods, Richmond American Homes, Pulte Homes, KB Homes, Courtland Communities and Shea Homes are currently constructing or planning homes in the vicinity of the subject site.