Show Low Mountain Ranch

Property Description:

Brand new to the market this is a unique opportunity to acquire an institutional level residential mixed-use development which has been approved by the local county to begin the project. Show Low/Pinetop has a severe lack of housing for both full-time residents and for the seven million Phoenix and Tucson residents just a three-hour drive away who seek to escape the worsening summer heat. The subject property contains just shy of three hundred acres and 635 entitled lots plus commercial frontage allowing end user to control frontage. This property has water/sewer and electric to the community already and the grade is relatively level which lowers development cost. Truly a spectacular opportunity to own one of the largest communities in Arizona! Show Low/Pinetop suffer from an extreme lack of affordable housing with median income levels a little above $51,000 and median home costs of $515,000 without even mentioning summer demand from the desert. No major projects have been developed in the area in 15 years. With fully approved plans in place and utilities ready this should offer the buyer a quicker and smoother run to stabilization. There are no other projects of this magnitude ready to go in the area.