Site & Location Description
The subject property consists of approximately 12.47 acres strategically located along the Carefree Highway corridor in North Phoenix, one of the most rapidly developing growth corridors in the metropolitan Phoenix region. Positioned between Interstate 17 and the expanding North Phoenix employment base, the site offers strong regional connectivity and excellent accessibility to the surrounding residential and commercial markets.
Carefree Highway (State Route 74) functions as a major east-west transportation artery linking the Interstate 17 corridor with the northeastern areas of Phoenix and Scottsdale, providing convenient access for commuters, contractors, and service providers operating throughout the North Valley. The corridor has increasingly become a focal point for new commercial development as population growth continues to expand northward along the I-17 corridor.
The property is located within an unincorporated Maricopa County island, offering flexibility in development and entitlement relative to surrounding municipal jurisdictions. An active zoning case is currently progressing to establish C-2 / C-3 commercial entitlements, allowing a wide range of commercial uses including self-storage, flex industrial space, showroom, and service-oriented commercial operations.
The location benefits from its proximity to the rapidly expanding North Phoenix semiconductor manufacturing corridor anchored by the Taiwan Semiconductor Manufacturing Company (TSMC) campus, which represents approximately $165 billion in planned investment across multiple semiconductor fabrication facilities, advanced packaging plants, and research operations. This unprecedented level of technology investment is transforming the surrounding area into one of the most significant advanced manufacturing hubs in the United States.
Immediately adjacent to the semiconductor campus is the planned Halo Vista technology district, a master-planned development designed to support semiconductor suppliers, advanced manufacturing companies, and research facilities associated with the semiconductor ecosystem. These developments are expected to attract a wide range of supporting businesses and service providers to the surrounding area over the coming decade.
In addition to the technology investment, the surrounding area is experiencing strong residential growth throughout the North Valley, including nearby communities such as Desert Hills, Tramonto, Anthem, and North Phoenix. These areas have experienced consistent population growth as workers seek housing within convenient proximity to the expanding employment corridor.
The site’s location along Carefree Highway places it directly between the growing residential population of the North Valley and the expanding semiconductor employment corridor, making it ideally positioned to serve both residential and commercial demand. Businesses supporting the semiconductor supply chain, construction trades, service providers, and small business operators increasingly require convenient access to storage, contractor space, and small-bay commercial facilities near their areas of operation.
With strong transportation access, proximity to one of the largest technology investments in the United States, and continued population growth throughout the surrounding area, the property offers a highly strategic development opportunity within an emerging economic corridor in North Phoenix.
Doug daCosta
RE/MAX Excalibur
