12911 N Sanders, Marana, AZ 85653

$2,380,000
List Price
$2,380,000
Status
ACTIVE
MLS#
22026283
Area
Extended West
Subdivision
Unsubdivided
Type
Land

Property Description

Amazing investment opportunity! Perfect land for a housing subdivision near the Marana exit. Nearby shopping, gas, schools, park, fire station, and restaurants. Utilities are at lot line. The property is currently leased by a farmer. The NNN Lease is $123 per acre. Lease can continue while property is being developed. This lease makes for low holding costs. Taxes are $13 per acre on farm land. Lease has sale exemption where if property is sold tenant will stop farming the area being developed. and continue farming any new area the new owner permits. Seller will carry with 25% down, 6.5% interest, and a 5 year balloon. Adjacent land is also available see MLS #22025109. Please call for more details.

Additional Information

Elementary School
Estes
Middle School
Marana
High School
Marana
View
Mountain
Office ID
20091207185515554337000000
School District
Marana
Lot Size
2,959,902
Lot dimensions
Irregular
Directions
I-10-N, Marana Rd-W/Sanders -S to property
Zoning
Marana - B

Listing courtesy of Long Realty Company.

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