37979 Galloway Dr Cave Creek, AZ 85331

This exceptional 4.01-acre commercial land parcel in Cave Creek, Arizona, presents a unique investment opportunity. Located at 37979 N Galloway Drive (APN 216-07-038A), this fully entitled and permitted site is ideally situated adjacent to Stagecoach Village and within walking distance of Cave Creek and Carefree's vibrant amenities, including restaurants, bars, shopping, and art galleries. The property boasts active permits for a 32-unit luxury apartment complex, complete with a two-story clubhouse, swimming pool, and a detached casita. Zoned MR (Multiple Residence), this site is ready for immediate development. Site preparation is complete, with building pads finished and inspected. The asking price of $3,600,000 includes permitted architectural plans, six installed water meters, and paid sewer capacity fees. The planned development comprises four two-story buildings, offering a mix of unit sizes: six 3-bedroom, 2-bathroom units (1,439 sq ft + 176 sq ft patio) and sixteen 2-bedroom, 2-bathroom units (1,289 sq ft + 176 sq ft patio). Ample parking is provided with 32 garage spots and 46 additional parking spaces. This turnkey project offers significant potential for immediate returns. The property is located in Maricopa County, Arizona, zip code 85331.