N Hwy 89a Fredonia Paper Lot

Property Description

With utilities to the property, this dual parcel investment property of nearly 119 acres is ready for development. The eastern Parcel #60104025B is recorded as 70.69 acres. Views of Vermillion Cliffs & the Kaibab National Forest are beautiful from this area. AZ Trust Lands form the boundary to the east. Western Parcel #60104024J is recorded as 47.64 acres & has a combination split to accommodate 21.11 acres commercial highway development with approximately 1,543.38 ft of commercial frontage on Hwy 89A, and +/- 26.53 acres of Multi Density Housing.

This property was originally approved by the Town of Fredonia as 3 tiered planned development to have a commercial center with shopping center, offices, fast food and storage units. The multi-housing section was nicely designed between the commercial area and the single family neighborhood. Flood control was also designed into the engineering plan.

Location Description

With housing shortages & the demand to relocate to one of the most beautiful areas in the world, this property is prime for its potential to add housing options to the Southern Utah/Northern Arizona region, which is surrounded by National Parks, Forests, Recreation Areas & Monuments. Fredonia is the gateway to the North Rim of the Grand Canyon.

Highlights

• Nearly 119 Acre Paper Lot being Sold for Development
• Mixed Use Development of Strip Mall, Self Storage, Multifamily, and Single Family Homes
• Two Parcels being sold together (601-040-24J & 601-040-25B)
• Buyer receives all hard copy approvals and documents
• Can be sold on Contract (min 50% dn, 10yr Amort on Bal, 5yr Balloon, Quarterly Pmts on P&I, Market Rate, Releases at 150% of Acreage Price)
• No Joint Ventures nor Seller Liability