$1,800,000
Prescott Valley, AZ 86314
MLS# 1036966
Status: Closed
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Property 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
Details
Maps
Contract/Address/Legal
Original List Price: 1800000
Listing Date: 2021-03-20
Status: Closed
Listing Price: 1800000
List Price/Acres: 463918
Rent/Lease: No
Street Name: Crownpointe
St Suffix: Road
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
County: Yavapai
Subdivision: None
Neighborhood: N/A
REO/Short Sale: Not Applicable
Land Type: Commercial/Industrial
Zoning: RS-PAD
Lot #: 5
Lot Size: 168854
Tax Parcel: 103-09-033K
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
Tax Year: 2020
Mfg/Mobile: No
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.
Office/Member Info
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2021-11-22
Sold Date: 2021-11-22
Sold Price: $1,650,000
Sold Price/Acres: 425258
Financing: Conventional
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
Topo/Location: Corner; Hilltop; Level; Sloped - Gentle; Views
Site/Soil Evaluation: Other - See Remarks
Views: Bradshaw Mountain; Golf Course; Mountain(s); Valley
Pets/Animals: Domestics
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road; Private Maintained Road
Terms & Conditions: 1031 Exchange; Conventional; Other See Remarks
Records Available: Other - See Remarks
Subdivision Features: Other - See Remarks
Possession: At Recordation
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.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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