1448 Cedar Dr Pinetop, AZ 85935
- Commercial real estate
- 1,020 SF
- 1.29 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1448 Cedar Dr
- Year built
- 1956
- Lot size
- 1.29 lot acres
- Property size
- 1,020 SF
- Property type
- Commercial real estate
Description
This exceptional 1.29-acre commercial property in Pinetop, Arizona, presents a unique development opportunity. Situated conveniently off Highway 260, the property includes a currently rented residential home, sold strictly as-is. The existing structure is 1,020 square feet. Importantly, prior approvals have been granted for the construction of a 26-unit apartment complex, complete with 50 designated parking spaces. This pre-approved plan significantly streamlines the development process, reducing potential delays and uncertainties. However, prospective buyers are strongly advised to independently verify all previously approved plans and permits with the town of Pinetop-Lakeside to ensure compliance with current regulations and zoning ordinances. The property's prime location and substantial size offer significant potential for a lucrative investment, making it an attractive proposition for developers seeking a ready-to-go project with substantial upside. The asking price for this exceptional development opportunity is $395,000. This represents a compelling entry point into the thriving Pinetop real estate market. Serious inquiries are encouraged to explore this promising venture further. All information provided is believed to be accurate but should be independently verified.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pinetop
- County
- Navajo
- State
- Arizona
- Longitude
- -109.938
- Latitude
- 34.1268
