0 8Th St Show Low, AZ 85901

This exceptional 4.43 to 10.18-acre commercial land parcel, located at the Northwest and Northeast corners of East Woolford Road and 8th Street in Show Low, Arizona (APN: 210-01-037R, 210-01-037S, zip code 85901), presents a remarkable opportunity for multifamily development. The property is zoned P.U.D., allowing for the construction of up to 150 units, with an estimated average rent of $9,333 per unit. The asking price is $1,400,000, translating to a land value of approximately $95,844 per acre. This prime location offers significant advantages, situated adjacent to the prestigious Sierra Pines neighborhood, featuring luxury homes ranging from 1,800 to over 5,000 square feet, and priced upwards of $2,000,000. This proximity to high-value residential properties ensures a strong potential tenant base and enhances the overall desirability of the development. The property's strategic location in the White Mountains of Arizona provides a desirable lifestyle setting, attracting residents seeking a blend of natural beauty and modern amenities. This presents a compelling investment opportunity with substantial potential for significant returns. Serious inquiries only.