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40 Cultural Park Place, -, Sedona, AZ 86336

$18,800,000
Property Type: Land and Lots Lot Size (sq. ft.): 1,785,960 Status: Closed
Current Price: $18,800,000 List Date: 11/03/2019 Last Modified: 9/23/2021

Description

Sedona's Cultural Park & Commercial Office Building For Sale In Sedona! Video of property can be viewed in Video/ Photo section of MLS listing. The Cultural Park consists of approximately 40.9 acres. This premier location of the Cultural Park is truly the Gateway into West Sedona. The Cultural Park is the last & largest undeveloped properties left in and around Sedona offering unparalleled Red Rock Vistas, Mogollon Rim views, with US Forest Service on the west and north property boundaries. The property is accessed from Highway 89A & Cultural Park Place. The City of Sedona has already approved uses for the Cultural Park such as multi-family housing, commercial & lodging, wellness, center of innovation, conference center, food services, retail, welcome center, and other commercial uses...

Supplements: Examples of approved uses for the property serve as a guide and are outlined in the Sedona Community Plan update for the Western Gateway Community Focus Area City of Sedona. The City of Sedona would need to approve rezoning & land use. A copy can be provided to an interested purchaser. Alta & Topographic Survey's and Phase 1 available upon request. The 40.9 acres of vacant land at the Park is $19,900,000. 15 Cultural Park Place is SOLD SEPARATELY - LISTED AT $1,750,000. This two-story commercial office building, Zoning C-1 offers 5797 square foot with three office suites. Suites 1 & 2 are on the top level and are of 2,016 SqFt and 2,479 SqFt , respectively, and Suite 3 is on the main floor and is 401 SF. There are men and woman bathrooms. There is also a 4,448 Square Foot covered parking structure with 18 parking spots. The commercial building includes .598 acres of land. The building is listed for: $1,750,000. At the intersection of 89a, there is a Courtyard by Marriott, a Residence Inn by Marriott under construction, Yavapai College, Sedona Red Rock High School and The Sedona Performing Arts Center. Documents include Environmental Report, Alta Survey & Topographic Survey, Parcels Included with Legal Descriptions, County Map of Property, and the Western Gateway Community Focus Area Plan (an example of future development supported and encouraged by the City of Sedona). The Commercial Building at 15 Cultural Park Place, Parcel 408-11-176A, is located at the main entry to the Cultural Park at the intersection of West Sedona Route 89A and Cultural Park Place. At the intersection of 89A, there is a Marriott Courtyard and Residence Inn (being built), Yavapai College, Sedona Red Rock High School & the Sedona Performing Arts Center, and Diamond Resort Timeshare.

More Information MLS# 6000140

Contract Information

Current Price: $18,800,000 Sold Price: $18,800,000 Status: Closed List Date: 2019-11-02 For Sale or Lease?: Sale Type: EA Subagents: N Buyer/Broker: Y Buyer Broker $/%: % Comp to Buyer Broker: 2 Variable Commission: N

Location, Tax & Legal

Map Code/Grid: C82 House Number: 40 Street Name: Cultural Park St Suffix: Place Lot #: - City/Town Code: Sedona State/Province: AZ Zip Code: 86336 Country: USA County Code: Yavapai Assessor's Map #: 47 Assessor's Parcel #: 9 Assessor Parcel Ltr: B Add'l Parcels: Yes Assessor Number: 408-47-009-B Legal Description (Abbrev): AN IRREGULAR METES AND BOUNDS PORTION OF THE SE4. NE PARCEL CORNE R APPROX 682 FT SOUTH & 400 FT WES Subdivision: M&B Tax Municipality: Yavapai - COUNTY Taxes: 59038 Tax Year: 2019 Marketing Name: SEDONA CULTURAL PARK

General Property Description

Apx Total Acres: 40.9 Apx Total Acres G/N: G Price Per Acre: 486552.57 Apx SqFt: 1785960 Price Per SqFt: 11.14 Apx SqFt G/N: G Lot Size Dimensions: MULTIPLE PARCELS-SEE SURVEY Horses: Y Zoning: N/A Elementary School: Out of Maricopa Cnty Jr. High School: Out of Maricopa Cnty High School: Out of Maricopa Cnty Elementary School District: Out of Area High School District: Out of Area Out of Area Schl Dst: 9

Remarks & Misc

Cross Street: 89A, Cultural Park Pl, Arts Village Drive Directions: * 26.5 Miles From I-17 (Exit 260 West Camp Verde). * Take 89A & head East to Corner of Cultural Park Place (LEFT @ Light). Left at Arts Village Drive. Across From Yavapai College. Corners Marked. Geo Lat: 34.851835 Geo Lon: -111.832712

Status Change Info

Status Change Date: 2021-09-23 Off Market Date: 2021-09-23 Under Contract Date: 2020-09-23 Close of Escrow Date: 2021-09-22 Sold Price: $18,800,000

Legal Info

Township: 17N Range: 05E Section: 16 Lot Number: -

Pmt & Rate Info

Equity: 19900000

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N HOA 2 Y/N: N

Sold Info

Loan Type: Cash to Loan Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Balloon Buyer Concession $/%: % Seller Concession $/%: %

Property Features

Special Listing Cond: N/A Existing Land Use: Other (See Rmks) Zoned Presently: Recreational; Other (See Rmks) Parcel Size: 40.00 - 79.99 Acres Proposed Density: 16 - 20 Units P/Acre Development Status: Plans Available; Plans Included; Other; See Remarks Land Features: Cul-De-Sac; Corner Lot; North/South Exp; Borders Pres/Pub Lnd; Other; See Remarks Elevation: 3,001 - 4,000 Ft; 4,001 - 5,000 Ft Elevation Source: Topo Survey Vegetation: Natural Vegetation Land Configuration: Other (See Rmks) Roads/Streets: Gravel; Dirt; Asphalt; Private Street Traffic Count: 15,001 to 25,000 Freeway/Highway: Frontage Topography: Level; Gentle Sloping; Hillside; Rolling Existing Structures: Park Model(s); Other; See Remarks Water: Private Franchise Sewer: Sewer - Public; No Sewer/Septic Electric: APS Gas: Underground; Other (See Rmks) Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: On Property Distance to Electric: On Property Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Other Loan: Not Applicable New Financing: Conventional Reports/Disclosures: Seller Prop Disc Stm; ALTA Survey Alba; Development Pln Aval; Other (See Rmks) Environmental: Phase I Available Showing Notification Methods: Phone Call
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: September - 23 - 2021
40 Cultural Park Place, -, Sedona, AZ 86336- MLS# 6000140
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