Mixed Use Land For Sale

40901 W HONEYCUTT RD Maricopa, AZ 85138

40901 W HONEYCUTT RD, Maricopa, AZ, 85138
40901 W HONEYCUTT RD, Maricopa, AZ, 85138
FOR SALE
Property Type:
Other Land
Amount:
$5,554,000
Last Verified:
Oct 04, 2017

Highlights

  • Excellent Frontage on Major Arterial Street
  • Fully Improved Site
  • Flexible & Pro Development City
  • Growing Population
  • Strong Median Income Base
  • Highly Educated Population Base

Description

City of Maricopa is one of the fastest growing cities in Arizona, with a young & educated population of nearly 50,000 residents. Households in Maricopa earn a median yearly income of $68,279. The City of Maricopa is extremely encouraging of Commercial & Residential Developments with many incentives offered to Developers. Developers in Maricopa can benefit from the City's ability to offer Fast Track Permitting, Additional Depreciation to encourage new capital investment, and Development Agreements to aid developers in recapturing capital costs through sales tax rebates.

City of Maricopa is has invested & completed improvements to roads, streets,curbs, gutter, water, and power between the corner of Porter Rd and Honeycutt Rd traveling east to corner of White and Parker Rd. Property has 1300’ of frontage along Honeycutt Rd and will allow for both commercial and residential uses under zoning codes CB-1, CB-2, & TR. Higher densities are encouraged in Mixed Use areas.

Commercial Zoned Land is located on a main thoroughfare in the City of Maricopa. Property has over 1300' of frontage on Honeycutt Rd in between Porter Rd & White and Parker Rd.

Lot Size: 55.0 acres

Map of 40901 W HONEYCUTT RD, Maricopa, AZ, 85138

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.