10800 Plateau Rd Cornville, AZ 86325
This exceptional 133.22-acre property in Cornville, Arizona, presents a unique opportunity. Located at 10800 Plateau Rd, 86325, it boasts approximately half a mile of Oak Creek frontage on the north and west boundaries, and borders National Forest to the east. The property includes an existing, unoccupied ranch house built in 1947, offered "AS IS" and adds no value to the asking price of $3,500,000. A proposed plat, prepared in 2008, outlines a potential subdivision into 35 residential lots, fully compliant with the R1L-70 zoning designation. The property's APN numbers are 407-19-002P, 407-19-003D, 407-19-003A, 407-19-002M, 407-19-004, 407-19-002G, 407-19-002R, and 407-19-002V. This expansive land offers unparalleled privacy and breathtaking views, making it ideal for a private estate or a lucrative development project. The property's prime location near Sedona, Arizona, adds significant value and appeal. This is a rare chance to acquire a substantial waterfront property with exceptional development potential in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.