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    OFF-MARKET
    Land

    63 Columbia Rd, Morristown, AZ 85342

    170.43 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 170.43 ac (7,423,931 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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