Lakeside Tbd Hi Joe Rd Lakeside, AZ 85929
This exceptional 6-acre parcel in Lakeside, Arizona, presents a unique multifamily development opportunity. Located at TBD Hi Joe Rd, this property boasts a substantial 261,360 square feet of land, zoned R-3, allowing for a variety of uses including multifamily residential, hotels, motels, and mobile home parks. The APN is 212-26-115. The flat, usable lot is conveniently situated near Lakeside's amenities, offering easy access to essential services. A significant advantage is its location within Navajo County, providing a streamlined development process compared to city regulations. The White Mountain area's recent growth surge makes this one of the few remaining sizable, commercially-zoned parcels available. The property's proximity to the local hospital (approximately a 10-minute drive) further enhances its appeal. The asking price for this prime development land is $600,000. The presence of trees adds to the aesthetic appeal and potential landscaping options. This is an ideal investment for developers seeking a less complex path to building in a high-growth area. The property's size and zoning provide considerable flexibility for a range of development projects. Don't miss this chance to capitalize on the burgeoning Lakeside real estate market. The zip code is 85929.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.