Listing Agency: SVN | Desert Commercial Advisors c***@svn.com Show Phone

Listed By: Carrick Sears CCIM MBA Show Phone

Source: Moodyscre

Added: Apr 21, 2025 Changed: Aug 8 Last Checked: Jul 16 at 7:02AM

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Investment Insights

Based on property information with market context.

This 16-acre site is intended for multifamily development, with a proposed project of 435 apartment units. The property is located in a highly sought-after area with highway frontage along Hwy 89. Situated within the planned community of Prescott Lakes, the location offers proximity to the Prescott Lakes Golf Course and its amenities. The area is experiencing rapid growth and features a mix of retail, office, and commercial uses. The site offers views of Watson Lake. The seller is open to JV options.

Key Highlights

• 16‑acre multifamily development site approved for 435 apartment units
• Excellent views of Watson Lake
• Prime location within Prescott Lakes planned community with highway frontage along Hwy 89

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Parking Lot & Garage Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

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Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Land - 16-acre multifamily development site with proposed 435 apartment units.

Where is this land located?

The property is located at 1512 Varsity Dr Prescott, AZ.

What is the asking price?

The asking price for this property is $7,800,000.

What are key features of this property?

This property features: 16‑acre multifamily development site approved for 435 apartment units; Excellent views of Watson Lake; Prime location within Prescott Lakes planned community with highway frontage along Hwy 89