$1,950,000
Picacho, AZ 85141
MLS# 6480670
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Property Description
Welcome to a rare investment opportunity! Nestled at the foothills of Picacho Peak Park, this expansive 74.5-acre parcel is part of a larger 196-acre tract, offering a once-in-a-lifetime chance to turn your vision into reality. Seize the opportunity to build a premier hotel resort, RV park, or manufactured home park or data center in the coveted OPPORTUNITY ZONE. Boasting an impressive 720 feet of highway frontage, this strategic landmark provides unparalleled visibility. Additionally, a second egress to the highway exit enhances accessibility and convenience for potential patrons. The location is not only prime but strategically positioned for success.
Details
Maps
Contract Information
Current Price: $1,950,000
List Price: $1,950,000
Status: Active
List Date: 2022-10-22
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3.5
Other Compensation: 3.5
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: Z45
House Number: 16465
Compass: E
Street Name: Peak
St Suffix: Lane
Lot #: ' '
City/Town Code: Picacho
State/Province: AZ
Zip Code: 85141
Country: USA
County Code: Pinal
Assessor's Map #: 5
Assessor's Parcel #: 12
Assessor Parcel Ltr: e
Add'l Parcels: Yes
Assessor Number: 410-05-012-e
Subdivision: Picacho Peak
Tax Municipality: Pinal - COUNTY
Taxes: 3287
Tax Year: 2022
General Property Description
Apx Total Acres: 74.5
Apx Total Acres G/N: G
Price Per Acre: 26174.5
# Lots in Listing: 2
Apx SqFt: 3245220
Price Per SqFt: 0.6
Apx SqFt G/N: G
Lot Size Dimensions: 2700'
Horses: Y
Street Frontage: 498
Zoning: GR
Flood Zone: No
Elementary School: Eloy Intermediate School
Jr. High School: Eloy Junior High School
High School: Santa Cruz Valley Union High School
Elementary School District: Eloy Elementary District
High School District: Santa Cruz Valley Union High School District
Remarks & Misc
Cross Street: I-10 HWY & PICACHO PEAK EXIT
Directions: Frontage
Geo Lat: 32.643078
Geo Lon: -111.391486
Status Change Info
Status Change Date: 2022-10-28
Legal Info
Lot Number: ' '
Pmt & Rate Info
Equity: 1950000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Existing Land Use: Ranch
Zoned Presently: Ranch
Potential Use: Single Family; Multi-Family; Commercial; Mobile/Mgf Hme/RV's; Office; Retail; Pad Site; Hotel/Motel; P.A.D.
Parcel Size: 40.00 - 79.99 Acres
Current Density: 00 - 01 Units P/Acre
Proposed Density: 02 - 05 Units P/Acre; 06 - 10 Units P/Acre; 11 - 15 Units P/Acre
Development Status: Raw Land; On Site Imp Needed; Prelim Eng Needed
Land Features: Mountain View(s); Adjacent to Wash; Borders Pres/Pub Lnd
Elevation: 1,001 - 2,000 Ft; 2,001 - 3,000 Ft
Elevation Source: USGS
Vegetation: Natural Vegetation; Low Desert
Land Configuration: Square Rectangular; Irregular Shape
Roads/Streets: Asphalt
Road Responsibility: County Maintained Road
Traffic Count: 50,001 to 75,000
Freeway/Highway: Frontage
Railroad: RlRd up to 1 Mile
Topography: Level; Gentle Sloping; Steep Sloping; Hillside; Existing Wash(s); Mountainous
Existing Structures: None
Water: Community Franchise
Sewer: No Sewer/Septic
Electric: APS
Gas: Underground; High Pressure
Distance to Cable: Within 1/2 Mile
Distance to Phone: Within 1/2 Mile
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: Call Listing Office
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Private
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash
Special: Unincorporated Area; Economic Redvlpmnt
Use Restrictions: Hillside Ordinance; Existing Easement
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Fencing: None
Supplements
Situated between the vibrant city of Tucson and the ever-growing Casa Grande, this property offers a unique advantage with a short commute to both bustling urban centers. With a staggering 55,000 daily traffic count on the adjacent highway, your investment is poised to capture the attention of a vast audience.
Whether you envision a luxurious hotel resort capitalizing on the scenic beauty of Picacho Peak Park or a dynamic RV park/MHP development catering to the travel and housing needs of the region, this property is a canvas for your entrepreneurial dreams. The thriving traffic flow ensures a constant influx of potential customers, making this location an ideal choice for a wide range of ventures.
Don't miss out on this extraordinary opportunity to shape the landscape of the future. Invest in the potential of 74.5 acres at the foothills of Picacho Peak Park, and turn your vision into a lucrative reality in the heart of the Southwest. The possibilities are as vast as the Arizona sky - seize them today!
Listing Office: RE/MAX Fine Properties
Last Updated: March - 28 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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