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.
Listing courtesy of Long Realty Company.
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