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2009 N McLane Rd - Flowing Wells Subdivision 12.4 Acres of Residential Land Offered at $1,850,000 in Payson, AZ 85541
INVESTMENT HIGHLIGHTS
- Potential EB5 Eligible project
- Potential owner carry option with down payment
- Site plan and most sudies are complete
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $1,850,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 12.40 AC |
| Property Type | Land | ||
| Zoning | R1-6 and R-3 - Residential | ||
| Price | $1,850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 12.40 AC |
| Zoning | R1-6 and R-3 - Residential |
1 LOT AVAILABLE
Lot
| Price | $1,850,000 | Lot Size | 12.40 AC |
| Price Per AC | $149,193.55 |
| Price | $1,850,000 |
| Price Per AC | $149,193.55 |
| Lot Size | 12.40 AC |
DESCRIPTION
The Flowing Wells Subdivision presents a promising development opportunity in the heart of Payson, Arizona. This 12.39-acre site is pre-platted for an 83-lot single-family residence (SFR) subdivision, offering a mix of housing options to meet diverse market demands. The subdivision’s preliminary plat is approved, featuring 13 detached SFR lots and 70 attached townhome lots. The lot sizes vary, with detached lots averaging 6,000 square feet (60’ x 100’) and attached townhome lots averaging 3,500 square feet (35’ x 100’). This variety allows for flexibility in design and caters to different buyer preferences. Located near the southwest corner of Houston Mesa Road and Beeline Highway 87/ Highway 260, the property benefits from accessibility and proximity to key routes. The site’s zoning is approved for R1-6 and R-3 (Gila County) upon final plat approval, supporting the planned development. Utilities are readily available, with electric service provided by APS, water by the Town of Payson, sewer by Green Valley Water, natural gas by Alliant Gas, and telecommunications by CenturyLink. The development offers a density of 6.7 dwelling units per acre, maximizing land use while providing for a well planned community. The property is positioned within the trade area of Payson, a growing community known for its recreational opportunities and a vibrant local economy.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $408,235 | Total Assessment | $408,235 |
PROPERTY TAXES
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2009 N McLane Rd - Flowing Wells Subdivision
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