The Fort Valley Lofts Development is an amazing opportunity to own one of last
properties in Flagstaff that is entitled and zoned for high-density residential. This
4.0+/- acre development site is approved for 107 units and is NOT in a resource
protection overlay zone (you are not required to save 50% of the trees). The site is
extremely well located, being less than a mile to downtown Flagstaff and walking
distance to the Flagstaff Medical Center. It is also only a short bike ride
(approximately 2 miles) to NAU (Northern Arizona University). Flagstaff is
consistently listed as one of the best college towns in the nation, although housing
is scarce and there is a lack of new apartment development. Recent reports show
that Flagstaff has the least affordable rental housing of all major cities in Arizona.
Flagstaff has also historically been a tough city to get land through the entitlement
process, especially when it comes to high-density residential. Having approval for
high density as well as not being in the resource protection overlay is rare and
incredibly valuable. This offering is a fantastic development opportunity for any
investor / builder given the entitlements approved on the property, the lack of
high-density residential land opportunities, and the phenomenal location.
The city of Flagstaff is one of the most popular areas in all of Arizona to visit and live
due to its high elevation, moderate temperature, and natural beauty. It is
surrounded by the 1.8+ million-acre Coconino National Forest, which is the largest
contiguous Ponderosa Pine forest in the world. This development site is less than a
mile away to the popular, historic downtown area filled with dining options,
boutiques, microbreweries, coffee shops, art galleries, and more. Many new
amazing restaurants have opened up in the last few years as both downtown and
the Southside Historic District have seen a great influx of new businesses and
continued gentrification. Flagstaff offers a wealth of activities all year round
including skiing / snowboarding and other fun winter activities, as well as amazingly
moderate temperatures in the summer months with hiking, mountain biking, and
more. Given the average of 288 days of sunshine per year along with an extensive
list of outdoor activity options, Flagstaff is an extremely attractive city for both short
and long-term residents as well as students in one of the best college towns in the
country.
