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89a N US Hwy -- -, Fredonia, AZ 86022

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For Sale

$1,900,000

118.64 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 118.6 acres
    Lot size

Explore this Property

Property Description With utilities to the property, this dual parcel investment property of nearly 119 acres is ready for development. The eastern Parcel #60104025B is recorded as 70.69 acres. Views of Vermillion Cliffs & the Kaibab National Forest are beautiful from this area. AZ Trust Lands form the boundary to the east. Western Parcel #60104024J is recorded as 47.64 acres & has a combination split to accommodate 21.11 acres commercial highway development with approximately 1,543.38 ft of commercial frontage on Hwy 89A, and +/- 26.53 acres of Multi Density Housing. This property was originally approved by the Town of Fredonia as 3 tiered planned development to have a commercial center with shopping center, offices, fast food and storage units... see Supplement Remarks Property Description With utilities to the property, this dual parcel investment property of nearly 119 acres is ready for development. The eastern Parcel #60104025B is recorded as 70.69 acres. Views of Vermillion Cliffs & the Kaibab National Forest are beautiful from this area. AZ Trust Lands form the boundary to the east. Western Parcel #60104024J is recorded as 47.64 acres & has a combination split to accommodate 21.11 acres commercial highway development with approximately 1,543.38 ft of commercial frontage on Hwy 89A, and +/- 26.53 acres of Multi Density Housing. This property was originally approved by the Town of Fredonia as 3 tiered planned development to have a commercial center with shopping center, offices, fast food and storage units. The multi-housing section was nicely designed between the commercial area and the single family neighborhood. Flood control was also designed into the engineering plan. Location Description With housing shortages & the demand to relocate to one of the most beautiful areas in the world, this property is prime for its potential to add housing options to the Southern Utah/Northern Arizona region, which is surrounded by National Parks, Forests, Recreation Areas & Monuments. Fredonia is the gateway to the North Rim of the Grand Canyon. Highlights - Nearly 119 Acre Paper Lot being Sold for Development - Mixed Use Development of Strip Mall, Self Storage, Multifamily, and Single Family Homes - Two Parcels being sold together (601-040-24J & 601-040-25B) - Buyer receives all hard copy approvals and documents - Can be sold on Contract (min 50% dn, 10yr Amort on Bal, 5yr Balloon, Quarterly Pmts on P&I, Market Rate, Releases at 150% of Acreage Price) - No Joint Ventures nor Seller Liability
MLS# 6677403

Courtesy Of eXp Realty, LLC

(888) 897-7821

Property Features

  • Architecture Style
    Other
  • Lot Size
    118.64 Acres
  • Roof Type
    Unknown

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Directions to 89a N US Hwy -- -, Fredonia, AZ 86022

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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