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Cottonwood Ln - The Lofts at Cottonwood 7.58 Acres of Residential Land Offered at $2,800,000 in Casa Grande, AZ 85122
Executive Summary
Property Facts
| Price | $2,800,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 7.58 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $2,800,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 7.58 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,800,000 | Lot Size | 7.58 AC |
| Price Per AC | $369,393.14 |
| Price | $2,800,000 |
| Price Per AC | $369,393.14 |
| Lot Size | 7.58 AC |
The property spans 7.58 acres and is located at the southeast corner of Cottonwood Lane and Lewis Street in Casa Grande, Arizona. Zoned for multi-family use, the site also holds a Certificate of Assured Water Supply, offering the option to sell the u
Description
This project is located within a QTC and has a site plan nearly approved for 108 two- and three-bedroom units across two- and three-story garden-style buildings. The site also comes with a Certificate of Assured Water, providing future developers with the flexibility to sell the units instead of renting them. Additionally, given the Seller's current presence in this market, they are open to constructing the project for an additional fee.
Property Taxes
| Parcel Number | 504-15-072 | Improvements Assessment | $0 |
| Land Assessment | $1,155,647 | Total Assessment | $1,155,647 |
Property Taxes
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Cottonwood Ln - The Lofts at Cottonwood