Investment Overview

Marcus & Millichap is pleased to exclusively present for sale a very unique +/- 8.87 acre opportunity near the Verde River in Clarkdale, Arizona. Clarkdale is located in the heart of Arizona’s Verde Valley, which is about 90 minutes north of the Phoenix area, 20 minutes south of Sedona, 5 minutes from Cottonwood, 60 minutes south of Flagstaff and 20 minutes to Interstate 17. The site is located +/- 500 feet from the eastern bank of the Verde River with single family residences abutting the property. The downtown area located +/- ¾ mile from the property is experiencing a revitalization with a new boutique hotel and microbrewery recently opening. The Town of Clarkdale also has a significant level of single family residential development occurring at the Mountain Gate subdivision north the downtown area. Over the past 2 years, the Town of Clarkdale has issued more building single family building permits than any of the neighboring Verde Valley jurisdictions of Cottonwood, Jerome, Sedona and Camp Verde. The current affordability of Clarkdale has and continues to attract development to the town. A recent housing study forecasts the Verde Valley is 4,000 housing units short, which can be found on the City of Cottonwood and City of Sedona websites. The property is currently zoned R3, which permits a wide range of multifamily uses ranging from duplexes, tri-plexes, four-plexes to dwelling buildings of 5+ units. R3 zoning also permits single family homes and bed & breakfast. This property is irregularly shaped with gently sloping/level topography and with mature old growth trees near the river. The town’s water and sewer lines are located in Siesta Drive. Buyer to verify adequacy and location of all utilities during due diligence period. PLEASE DO NOT ENTER THE PROPERTY WITHOUT BROKER OR DISTURB NEIGHBORING TENANT.