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3901 Arizona 260 - High View at Boulder Creek

9.77 - 31.6 Acre Commercial Land Lots Offered at $1,930,000 - $5,845,000 Per Lot in Camp Verde, AZ 86322

Investment Highlights

  • Opportunity Zone
  • Available 9.77- to 31.6-Acre Portions of Vacant Land (112.77 Acres Combined)
  • Located in Arizona’s northern wine country, the Verde Valley with a dwindling private land supply
  • PAD Zoning Overlay
  • Utilities stubbed interior spine roads (electricity, water, and telephone)
  • Residential, Commercial, or Employment

Executive Summary

High View at Boulder Creek is a 186-acre Planned Area Development (PAD) allowing a flexible mix of residential and commercial uses, all within the tax-advantaged “Opportunity Zone”. Boulder Creek RV Storage facility, situated on 12.39 acres, was completed in May 2023 and in lease-up. The available portions range in size from 9.77 to 31.6 acres of vacant land, totaling 112.77 acres contiguous, except for the portions that are separated by spine roads upon completion.
The development of spine roads and utility infrastructure is proposed to be completed in 2025, including wet & dry utilities, Aultman Parkway, and Boulder Creek Road. The Seller has stubbed utilities to the individual primary parcels within the development, including electricity, water, and telephone. Municipal sewer is not available in the vicinity and instead, a commercial septic system is required for any proposed development that requires a sewer/wastewater solution.

Property Facts

Price $1,930,000 - $20,976,000
Sale Type Investment
No. Lots 5
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Single Family Development
Total Lot Size 112.77 AC
Opportunity Zone Yes

5 Lots Available

Lot Apartments

Price $4,740,000
Price Per AC $180,365
Lot Size 26.28 AC

The proposal includes 474 multi-family apartment units with a density of 18.0 units per acre. The available portions include 11.469 and 14.814 acres, totaling 26.283 acres combined, priced at $180,200/Acre.

Lot PADs

Price $1,930,000
Price Per AC $197,544
Lot Size 9.77 AC

The available portion is 9.776 acres in size. The proposal includes three (3) quick-serve drive-thru restaurants (3,203 SF, 3,744 SF, and 5,155 SF of NRA) and 19,217 SF of retail/anchor space. Electricity, water, & telephone are stubbed to property.

Lot PADs

Price $3,000,000
Price Per AC $215,517
Lot Size 13.92 AC

This portion is 13.92 acres. The proposal includes a 6,000 SF Convenience Store, Car Wash, & Fuel Station with 6 pumps / 12 positions for gas, and 7 pumps / 9 positions for diesel. Also proposed is a 20,000 SF RV service center with 7 drive-thru bays

Lot Sub I

Price $5,461,000
Price Per AC $172,816
Lot Size 31.60 AC

A Final Platted Subdivision (I) offers 166 SFR lots (45' x 100') on ±31.6 Acres priced at $172,800/Acre or $32,500 per pre-platted Lot. The Seller will also consider selling as-finished SFR lots for a guaranteed finished lot price.

Lot Sub II

Price $5,845,000
Price Per AC $187,340
Lot Size 31.20 AC

A Pre-Platted Subdivision (II) offers 167 SFR lots (45' x 100') on ±31.2 Acres priced at $187,300/Acre or $35,000 per pre-platted Lot. The Seller will also consider selling as-finished SFR lots for a guaranteed finished lot price.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
403-15-010C
Land Assessment
$1,155,796
Improvements Assessment
$0
Total Assessment
$1,155,796

zoning

Zoning Code C-2, C-3, & M-1 with PAD (Commercial, Mixed Use, and Planned Area Development)
C-2, C-3, & M-1 with PAD (Commercial, Mixed Use, and Planned Area Development)
  • Listing ID: 31207274

  • Date on Market: 3/13/2024

  • Last Updated:

  • Address: 3901 Arizona 260, Camp Verde, AZ 86322

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