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40 Cultural Park Place #- Sedona, AZ 86336
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Key Details
Sold Price $18,800,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision M&B
MLS Listing ID 6000140
Sold Date 09/22/21
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $59,038
Tax Year 2019
Lot Size 41.000 Acres
Acres 40.9
Lot Dimensions MULTIPLE PARCELS-SEE SURVEY
Property 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... 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.
Location
State AZ
County Yavapai
Community M&B
Direction * 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.
Interior
Laundry Other
Exterior
Waterfront No
Topography Level, Hillside, Gentle Sloping, Rolling
Building
Lot Description See Remarks, Other, Cul-De-Sac, Corner Lot, North/South Exp, Borders Pres/Pub Lnd
Sewer On Property, None, Septic Tank
Water Private Franchise
New Construction Yes
Schools
Elementary Schools Out Of Maricopa Cnty
Middle Schools Out Of Maricopa Cnty
High Schools Out Of Maricopa Cnty
School District Out Of Area
Others
Senior Community No
Tax ID 408-47-009-B
Acceptable Financing CTL, Conventional
Horse Property Y
Horse Feature Other
Listing Terms CTL, Conventional
Financing Cash to Loan
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Bought with Russ Lyon Sotheby's International Realty