501 N. Highway 87 - Bool Properties, L.P. Eloy Farm 2,358 Acres of Agricultural Land Offered at $58,950,000 in Eloy, AZ 85131

INVESTMENT HIGHLIGHTS

  • Easy access to I-10 via Hwy 87. Union Pacific Railroad Phoenix Spur Line frontage. Located along the future North-South Freeway Corridor.
  • Adjacent to Nikola Corporation electric vehicle manufacturing facility and future home to Procter & Gamble manufacturing facility.
  • Within the pro-growth City of Eloy.

PROPERTY FACTS

Price $58,950,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Agricultural
Proposed Use
Mixed Use
  • Hold For Investment
  • Agricultural
Total Lot Size 2,358.00 AC
Zoning R1-43 - R1-43 estate residential City of Eloy jurisdiction. Eloy General Plan calls for residential, commercial, and mixed-use flex designation for residenti

1 LOT AVAILABLE

Lot

Price $58,950,000
Price Per AC $25,000.00
Lot Size 2,358.00 AC

Portions of Sections 26, 28, 34 and 35, located within Township 7 South, Range 8 East, and portions of Sections 3, 9 and 10, located within Township 8 South, Range 8 East, Gila and Salt River Base and Meridian, Pinal County, Arizona. See maps attach

DESCRIPTION

Ideally located for appreciable growth in value, this 2,358 + fee acre farm is situated off Interstate 10 in the area of the proposed North-South Freeway in fast-growing Pinal County between the metropolitan areas of Phoenix and Tucson. This property is within the city limits of Eloy, whose General Plan calls for residential, commercial, and mixed-use flex designations for residential or industrial development. Currently used for row crop farmland. Cash rent farm tenants available.

  • Listing ID: 29555024

  • Date on Market: 9/19/2023

  • Last Updated:

  • Address: 501 N. Highway 87, Eloy, AZ 85131