1300 White Spar Rd Prescott, AZ 86303

This exceptional 5.29-acre parcel, located at 1300 White Spar Road in Prescott, Arizona (zip code 86303), presents a remarkable opportunity for high-density multifamily development. Situated just one mile south of Prescott's vibrant Whiskey Row, this property offers unparalleled access to the city's thriving downtown area, complete with its renowned restaurants, breweries, shops, art galleries, and Town Square. The land boasts approximately 1,000 feet of frontage on Peterson Lane, in addition to its White Spar Road frontage. The topography features a gently sloping and rolling terrain, adorned with mature Ponderosa Pines. Infrastructure is readily available, with city water and sewer lines conveniently located on both Peterson Lane and White Spar Road. To facilitate development, the seller has proactively extended the sewer line into the eastern portion of the site and completed rough grading of roads to a maximum 6% grade throughout the property, creating three convenient access points. Zoned MF-H (Multifamily High Density) by the City of Prescott, this site allows for a density of up to 28.75 dwelling units per acre. The property's APN is 107-17-001U. The asking price is $2,130,000, translating to a land value of $9.24 per square foot. Prospective buyers are strongly encouraged to conduct a thorough site visit and verify all information, including zoning for intended use, utilities, surveys, easements, and flood plain designations. The seller is open to considering joint venture proposals.