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2370 U.S. 60 - 1.01 Acres

1.01 Acres of Commercial Land Offered at $505,000 in Miami, AZ 85539

Investment Highlights

  • Near Busy Commercial Area
  • Avg HH income $58.6k within 5 mile radius.
  • Located within a Federal Opportunity Zone and Non-Metro Difficult to Develop (DDA).
  • C-2 Intermediate Commercial District permits Drug Store, Retail, Office, Hotel, Food & Beverage, etc
  • 18.6k Vehicles/Day (CoStar 2018)
  • Community Focus on Increasing Tourism and Diversity of Housing Options.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per AC
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $505,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Bar
  • Carwash
  • Daycare Center
  • Drugstore
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Medical
  • Neighborhood Center
  • Restaurant
Total Lot Size 1.01 AC
Cross Streets Ragus Rd
Opportunity Zone Yes

1 Lot Available

Lot

Price $505,000
Price Per AC $500,000
Lot Size 1.01 AC

Description

Marcus & Millichap is pleased to exclusively present for sale +/- 1.01 acres of vacant commercially zoned land (C-2 Intermediate Commercial District) on Route 60 in Globe, Arizona. With an estimated 2020 population of 7.3k, Globe is county seat for Gila County, which has an estimated 2023 population of 54k. Globe is located about 90 minutes east of the Phoenix metro area and 2 hours and 15 minutes northeast from Tucson. The subject property is located near the Walmart Supercenter, which is one of the busiest commercial areas in the city. The property is also just north of the high school, hospital and speciality medical offices. C-2 zoning is intended to permit most types of commercial activities oriented to a larger segment of population than the average neighborhood zoning and includes the sale of commodities or performance of services. Permitted uses include retail sales, office building, hotel and establishments serving food and beverages, indoor or out-of-doors. The downtown area is experiencing $22M revitalization of a 64 unit senior housing project, which will be completed in late 2024. The City Council recently approved the 58 acre Marigold Village project. When completed it will offer over 700 different opportunities for housing from mid rise to condominiums to residential townhomes as well as a hotel and event center. The property has +/- 300 ft of frontage on Rt 60 and level topography. City of Globe water and sewer services are located near the property line. Buyer to verify all utility locations and capacity levels during due diligence period.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
206-05-002B
Land Assessment
$1,950 (2024)
Improvements Assessment
$1,065 (2024)
Total Assessment
$3,015 (2024)
Annual Taxes
($1)
Tax Year
2023

zoning

Zoning Code C-2 (C-2 Intermediate Commercial District permits Drug Store, Retail, Office, Hotel, Food & Beverage, etc.)
C-2 (C-2 Intermediate Commercial District permits Drug Store, Retail, Office, Hotel, Food & Beverage, etc.)
  • Listing ID: 31819566

  • Date on Market: 5/16/2024

  • Last Updated:

  • Address: 2370 U.S. 60, Miami, AZ 85539

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