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    63 Columbia Rd Morristown, AZ 85342

    For Sale
    $1,200,000

    Prime Arizona land, stunning views, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 170.43-acre property in Morristown, Arizona (APN 204-02-069-A), is offered at $1,200,000 ($7,041.01/acre). Located at 0 N Columbia Rd 63, 85342, this land boasts breathtaking Bradshaw Mountain and Lake Pleasant views (9 miles north). Enjoy the serene country setting, picturesque sunsets, and fresh air amidst rolling hills and desert vegetation. The property is zoned for single-family residential use, allowing for one home per two acres, presenting a significant opportunity for a housing development. Recreational amenities are nearby, including Scorpion Bay Marina (boating and fishing) and the Castle Hot Springs resort. Conveniently situated just 20 miles from the TMSC Semiconductor Plant in North Phoenix, this location benefits from good road access within a growing submarket. An existing well is on the property. This is a rare chance to acquire a substantial land parcel with exceptional views and development potential in a desirable Arizona location.

    Property Features for 63 Columbia Rd

    General Information

    Property type
    Land
    Lot Size
    7,423,931 SF

    HighLights

    • 170.43‑acre land parcel in Morristown, AZ (APN 204‑02‑069‑A) offered at $1,200,000 ($7,041.01/acre).
    • Located at 0 N Columbia Rd 63, 85342, with Bradshaw Mountain and Lake Pleasant views.
    • Single‑family residential zoning (one home per two acres), ideal for development.
    • Proximity to recreational amenities (Scorpion Bay Marina, Castle Hot Springs) and the TMSC Semiconductor Plant.
    • Features an existing well and excellent road access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morristown
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.3228762
    Latitude
    34.0171287

    FAQs

    What type of property is this?
    Land - Prime Arizona land, stunning views, development potential.
    Where is this land located?
    The property is located at 63 Columbia Rd Morristown, AZ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 170.43-acre land parcel in Morristown, AZ (APN 204-02-069-A) offered at $1,200,000 ($7,041.01/acre).; Located at 0 N Columbia Rd 63, 85342, with Bradshaw Mountain and Lake Pleasant views.; Single-family residential zoning (one home per two acres), ideal for development.
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    Morristown, AZ 85342
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    63 Columbia Rd Morristown, AZ 85342
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