0 Crownpointe Road, Prescott Valley, AZ 86314













Description
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.