MC85 & Rooks Rd - Buckeye Development Opportunity 62.84 Acres of Commercial Land Offered at $29,500,000 in Buckeye, AZ 85326

INVESTMENT HIGHLIGHTS

  • +-63 AC available
  • Proximal to the Kore-Power EV Plant

EXECUTIVE SUMMARY

AK Commercial Properties is pleased to exclusively present for purchase 62.84 acres of land at NEC of West MC-85 Hwy & South Rooks Road, in Buckeye Arizona. This can be purchased together with neighboring parcels or as individual parcels. The property is surrounded by commercial, multi-family, single family, and industrial development. A short one minute drive from downtown Buckeye and access to dozens of dining venues and bars; a brief four minute drive from Interstate 10; and a quick thirty minute commute from central Phoenix.
The land is currently zoned Commercial by the City of Buckeye, which allows for retail, employment, and entertainment uses (please see Buckeye Master Plan pages 78-82 at https://www.buckeyeaz.gov/home/showpublisheddocument/13071/638324657904130000). The rectangular shaped property has 892 linear feet of frontage on MC-85 Hwy which saw 4,008 VPD in 2019, and is one mile from the Downtown Buckeye which saw 7,965 VPD in 2019. Additionally the property is 1 mile from a full diamond interchange to the 85 Freeway, which connects Downtown Buckeye to the Interstate 10. The property is 40 driving miles from Phoenix Sky Harbor Airport. Major commercial and industrial developments in the area include: Abrazo Health, Sundance Park, Buckeye 225 Industrial Park, KORE Power Gigafactory, Mission Industrial Park, Rehrig Pacific, and others. Major residential developments include communities delivered by Meritage Homes, Holualoa Companies, Mark-Taylor Homes, and Century Communities.
Neighboring parcel is the site of KORE Power’s future one point three million square foot lithium-ion battery manufacturing facility. The site will house multiple production lines to manufacture batteries for electric vehicles and energy storage systems and will create an estimated two thousand high-paying jobs. Read more at https://www.growbuckeye.com/pages/kore-power.

PROPERTY FACTS

Price $29,500,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Distribution
  • Healthcare
  • Medical
  • Restaurant
  • Self Storage
  • Storefront, Retail or Office
Total Lot Size 62.84 AC
Zoning Commercial, Buckeye - Recently annexed into the city of Buckeye, AZ. Buckeye Master Plan suggests commercial and multifamily zoning dependent on parcel.

1 LOT AVAILABLE

Lot

Price $29,500,000
Price Per AC $469,446.21
Lot Size 62.84 AC

Parcels J, K, and L: Utilities near site.

DESCRIPTION

62.84 acres together in these 3 parcels. Site is located adjacent to the KORE Power plant (see brochure for more details). City of Buckeye master plan suggests that industrial uses could be permitted with current commercial and residential zoning. Buckeye, AZ is one of the fastest growing cities in the United States over the past decade.

PROPERTY TAXES

  • Listing ID: 30179791

  • Date on Market: 11/28/2023

  • Last Updated:

  • Address: MC85 & Rooks Rd, Buckeye, AZ 85326