CREEKSIDE AT EAGLE MOUNTAIN
115 LOT SUBDIVISION AND 6,240 SF OFFICE BUILDING PRICED AT $1,075,000
Creekside at Eagle Mountain is located in the City of Show Low 3 miles west of the intersection of Highways 60 and 260. It is well located with an excellent marketing window on Highway 260. The property consists of a residential subdivision together with a high quality office building which could be sold separately or used as a community center.
The gated residential development was originally platted as 116 townhomes on 19.22 acres. The plat indicates that around 15 of the 19 acres are open space. Nearly all of the underground utilities have been installed and paving is partially completed. Infrastructure includes city water, city sewer, power, natural gas, cable TV and paved streets. In addition, six of the townhouses have been permitted and foundations completed.
The owner has prepared an alternative development plan for approximately 57 single family residential lots, including the six partially completed townhomes, which is ready for City approval. The lots can be finished using the utilities already installed for the townhouses. A purchaser can develop either the townhouse project or the single family lot project.
A preliminary cost estimate has been prepared indicating the completion cost of the project to be around $700,000. The City may approve completion in phases. This project could be online in a very short period of time.
The office building is an attractive two-story structure that is among the highest quality office structures in the Show Low / Pinetop area. It is on the western side of Show Low and is the first major office building on Highway 260 encountered by visitors from the Phoenix metro area. The building has great visibility with highway frontage. It is an excellent location for a sales center. It is currently being used as a real estate and home building sales office. Alternatively, the building could be used as the community center and rental office for the subdivision.
Construction includes extensive use of post and beam elements plus lots of glass. The Interior spaces are very open and easily divisible. Interior features include four bathrooms, two kitchens, a laundry room and a small garage. The reception area features a massive stone fireplace with an adjacent large conference room.
Highway turn lanes into the property exist in both directions making for easy access. Construction of an attractive project entry and gates have also been completed and are accessed directly from Highway 260.
The Show Low / Pinetop area is experiencing a significant shortage of residential homes and both short and long term rental housing. This project can be adapted for a variety of uses including single family or townhouse home sales. An interesting alternative is a community of single family homes that can be sold and then placed in a rental pool and managed through the on-site office building for weekly and monthly rentals.
THE PROPERTY IS PRICED AT $1,075,000.
School District – Show Low
Hospital – Summit Healthcare Regional Medical Center 9 miles away
Approximate Elevation – 6,200 Feet
Water – City of Show Low 928-537-4000
Sewer – City of Show Low 928-537-4000
Power – Navopache Electric 928-368-5118
Natural Gas – Unisource Energy 928-532-3870
Telephone – Frontier Communications 800-921-8101
Cable – Cable One 877-692-2253
The residential subdivision and the 6,240 Square foot office building at the project entrance can be purchased for $1,075,000.
From the junction of Highway 260 and Highway 60 travel West on Highway 260 for approximately 3 miles. Your destination will be on the right.
FOR MORE INFORMATION:
Arizona Realty is involved in the listing and sale of land, commercial, industrial and income properties in the White Mountains of Arizona focusing on the communities of Show Low and Pinetop/Lakeside. Arizona Realty and its associated companies Snow Creek Construction and Snow Creek Development are the largest residential developers and custom home builders in the area.