Mormon Hill Rd Sedona, AZ 86336
- Land
- 0.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Mormon Hill Rd
- Lot size
- 0.50 lot acres
- Property type
- Land
Description
This exceptional investment opportunity encompasses 25 parcels totaling approximately 16 acres of land in the highly desirable Sedona, Arizona market. The property includes 21 prime residential lots, situated on Mormon Hill Rd, zip code 86336, within Coconino County. The land is zoned RS18. Individual lot sizes range from 0.5 to 0.8 acres. This offering also features three turn-key development projects that are entitled and in various stages of permitting, with improvements underway on 19 lots. These projects are part of the Sky Ridge Estates development. An additional 1.7-acre commercial parcel is included, ideal for a clubhouse or other amenity. The asking price of $8,998,000 includes all 25 parcels and the three turn-key projects. The seller is open to financing options, potentially carrying a portion of the purchase price with a 50% down payment. Detailed information, including APN numbers for all 25 parcels and specifics on the current improvements, is available in the Offering Memorandum. This is a rare opportunity to acquire a significant land holding in a prime Sedona location with existing development underway. The property's location offers breathtaking views and easy access to Sedona's renowned attractions.
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
- Sedona
- County
- Coconino
- State
- Arizona
- Longitude
- -111.767
- Latitude
- 34.8641
