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37979 N Galloway Dr - Galloway Crossing

4.01 Acres of Residential Land Offered at £2,816,820 in Cave Creek, AZ 85331

Investment Highlights

  • Fully Entitled with PAID & ACTIVE Permits for 32 units plus pool, two story clubhouse and detached casita
  • 32 Garage Spots and 46 Parking Pad Spaces
  • MR Zoning (Multiple Residence Zone)
  • Planned as four 2 story buildings
  • Utilities in Place
  • Walking distance to downtown Cave Creek and downtown Carefree

Executive Summary

Fully entitled development opportunity with permit in hand and shovel ready FOR 32 UNITS. 4.01 Acres located just east of the Stagecoach Village and Mountain View Pub. Walking distance to Harold's Corral, Buffalo Chip, Desert Awareness Park and several local restaurants, bars and retail shops in the heart of Cave Creek, AZ. Site is also walking distance to downtown Carefree with several retail boutiques, cafes, restaurants, bars and art galleries. Site is zoned for Multi - Family Residential Rentals. Seller has a General Contractor engaged. Price includes full architectural design, plans and renderings. Property also includes a Windmill that has been permanently relocated. Pads ready to go vertical!!

Data Room Click Here to Access

Property Facts

Price £2,816,820
Sale Type Investment
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 4.01 AC
Cross Streets Cave Creek Road

1 Lot Available

Lot

Price £2,816,820
Price Per AC £702,449
Lot Size 4.01 AC

4.01 Acres / 174,831 SF - FULLY ENTITLED W/ PAID AND ACTIVE PERMITS FOR 32 LUXURY RESIDENTIAL RENTAL UNITS, POOL, 2-STORY CLUBHOUSE, and DETACHED CASITA

Description

4.01 Acres fully entitled and permitted site adjacent to Stagecoach Village and walking distance to all Cave Creek and Carefree amenities. Close to Harold's Corral, Buffalo Chip, Desert Awareness Park and several local restaurants, bars and retail shops. Site is zoned for Multi - Family Residential Rentals. The improved site includes PAID & ACTIVE permits for 32 luxury apartment rentals. General Contractor engaged; building pads are complete & inspected. Price includes full permitted architectural drawings, six water meters, paid sewer capacity fees and renderings. Planned as four 2 story buildings with a pool, 2 story clubhouse & detached casita (33rd unit). 32 garage parking spaces and 46 outdoor parking spaces.

zoning

Zoning Code MR (Multiple Residence Zone)
MR (Multiple Residence Zone)
  • Listing ID: 30078600

  • Date on Market: 16/11/2023

  • Last Updated:

  • Address: 37979 N Galloway Dr, Cave Creek, AZ 85331

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