0 Crownpointe Road, Prescott Valley, AZ 86314

$1,650,000
Property Type: Vacant Land Lot Size (sq. ft.): 169,013 Status: Closed
Current Price: $1,650,000 List Date: 3/20/2021 Last Modified: 6/20/2023

Description

The ''Crownpointe Lofts'' is a nearly ''Permit Ready'' apartment development for sale. The proposed project consists of 96 apartment units in 8 separate three-story buildings plus a clubhouse and amenities (see attached elevations). This 3.87-acre parcel is being offered at $1,800,000 or $18,750 per door. This price includes partially designed architectural plans, water rights, entitlements and the site plan has been approved by Council. The site is generally flat, rough graded, with utility extensions, regional drainage completed and exterior paved roads constructed. It may be possible to combine the subject property with the adjacent 1.92-acre and 1.44-acre parcels that are also available for sale at 9.50/sf and located immediately east of the subject property across Crownpointe Dr. T

Supplements: The "Crownpointe Lofts" is a nearly "Permit Ready" apartment development for sale. The proposed project consists of 96 apartment units in 8 separate three-story buildings plus a clubhouse and amenities (see attached elevations). This 3.87-acre parcel is being offered at $1,800,000 or $18,750 per door. This price includes partially designed architectural plans, water rights, entitlements and the site plan has been approved by Council. The site is generally flat, rough graded, with utility extensions, regional drainage completed and exterior paved roads constructed. It may be possible to combine the subject property with the adjacent 1.92-acre and 1.44-acre parcels that are also available for sale at 9.50/sf and located immediately east of the subject property across Crownpointe Dr. The combined site would be over 8.0 acres and may accommodate 172 apartment units that incorporates all three parcels and a portion of the street (see conceptual site plans attached). This conceptual plan will need Council approval. The project is located just off of Highway 69 on an elevated hilltop plateau offering panoramic views in nearly all directions. Central and conveniently accessed near the Crossroads regional shopping center and adjacent to the Terraces apartments which is a 226-unit luxury market rate apartments recently remodeled. https://www.terracesprescott.com/cache/blitz/www.terracesprescott.com////index.html.gz The subject parcel is currently zoned C2-PAD which allows for most commercial uses including medical office, high density apartments, assisted living, restaurant, retail independent living, memory care, skilled, nursing, hospice care, and other residential uses.

More Information MLS# 1036966

Contract/Address/Legal

List Price/Acres: 463918 Rent/Lease: No Neighborhood: N/A REO/Short Sale: Not Applicable Land Type: Commercial/Industrial Zoning: RS-PAD Lot #: 5 Lot Size: 168854 Assessor's Book #: 103 Assessor's Map #: 9 Assessor's Parcel #: 33 Assessor Parcel Ltr: K Legal: GLASSFORD REGIONAL MARKET PLACE AN IRREGULAR BALANCE PORTION OF T RACT C PER M&P 40/84 THE SW PARCEL CORNER LYING APPROXIMATELY 144 'N FROM THE SW CORNER OF TRACT C AKA PARCEL 5 OF CROSSROADS TERRA CE BUSINESS PARK PER LS 181/29 Section: 21 Township: 14

General Property Description

Aprx Acres: 3.88 HOA Y/N: Yes

Tax Info

Taxes: 6944 Mfg/Mobile: No Tax Year: 2020

Remarks & Misc

Directions: Traveling East on Highway 69, turn left at the signalized intersection at E. Sundog Ranch Road. Make your first right onto Market St. Make your first Right onto Crownpointe Dr. The property is located on the left directly across the street from the Comfort Suites hotel on the North West Corner of Crownpointe Dr and Market St. Adjacent and to the South of the Terraces Luxury Apartments. Remarks: The ''Crownpointe Lofts'' is a nearly ''Permit Ready'' apartment development for sale. The proposed project consists of 96 apartment units in 8 separate three-story buildings plus a clubhouse and amenities (see attached elevations). This 3.87-acre parcel is being offered at $1,800,000 or $18,750 per door. This price includes partially designed architectural plans, water rights, entitlements and the site plan has been approved by Council. The site is generally flat, rough graded, with utility extensions, regional drainage completed and exterior paved roads constructed. It may be possible to combine the subject property with the adjacent 1.92-acre and 1.44-acre parcels that are also available for sale at 9.50/sf and located immediately east of the subject property across Crownpointe Dr. T

Status Change Info

Sold Price/Acres: 425258 Financing: Conventional Under Contract Date: 2021-11-22 Sold Date: 2021-11-22 Sold Price: $1,650,000

Possession

At Recordation: 1

Records Available

Other - See Remarks: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1

Road Responsibility

City Maintained Road: 1 Private Maintained Road: 1

Buildings

Other - See Remarks: 1

Fencing

None: 1

Terms & Conditions

1031 Exchange: 1 Conventional: 1 Other See Remarks: 1

Lot Improvements

Curbs: 1 Gutters: 1 Sidewalk(s): 1 Other: 1 See Remarks: 1

Utilities Installed

Electricity: 1 Natural Gas: 1 Telephone: 1 Underground: 1 Water - City: 1 WWT - City Sewer: 1

Building Restriction

Architecture: 1 Other - See Remarks: 1

Utilities Available

Cable TV: 1 City Sewer: 1 City Water: 1 Electricity: 1 Natural Gas: 1 Telephone: 1 Underground: 1

Topo/Location

Corner: 1 Hilltop: 1 Level: 1 Sloped - Gentle: 1 Views: 1

Site/Soil Evaluation

Other - See Remarks: 1

Views

Bradshaw Mountain: 1 City: 1 Golf Course: 1 Mountain(s): 1 Valley: 1

Pets/Animals

Domestics: 1

Subdivision Features

Other - See Remarks: 1

ContractAddressLegal

Original List Price: 1800000 Listing Date: 2021-03-20 Status: Closed Listing Price: 1800000 Street Name: Crownpointe St Suffix: Road City/Township: Prescott Valley State: AZ Zip Code: 86314 County: Yavapai Subdivision: None Tax Parcel: 103-09-033K

Property Features

Buildings: Other - See Remarks Fencing: None Lot Improvements: Curbs; Gutters; Sidewalk(s); Other; See Remarks Building Restriction: Architecture; Other - See Remarks Utilities Installed: Electricity; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer Utilities Available: Cable TV; City Sewer; City Water; Electricity; Natural Gas; Telephone; Underground Views: Bradshaw Mountain; Golf Course; Mountain(s); Valley Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road; Private Maintained Road Records Available: Other - See Remarks Subdivision Features: Other - See Remarks Possession: At Recordation
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
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