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Golden Valley, AZ 614 Acres, 16 Platted Lots, Development Investment Offering

DISCOUNTED: 64%
APPRAISED VALUE: $14,000,000
OFFERING PRICE: $5,000,000

614+/- ACRES, SIXTEEN 40+/- ACRE PLATTED LOTS NEAR KINGMAN AZ
RESIDENTIAL RAW LAND

EXCLUSIVE INVESTMENT OFFERING
614+/- ACRES VACANT LAND
SIXTEEN 40+/- ACRE PLATTED LOTS
APPROVED FOR RESIDENTIAL DEVELOPMENT
GOLDEN VALLEY, ARIZONA

Location
N. Teddy Roosevelt Rd.
Golden Valley, Arizona

Appraised Value: $14,000,000
Discounted Offering Price: $5,000,000
Offered at 36% of Appraised Value

Marketed Exclusively by:
DLG REALTY AND INVESTMENTS
LAS VEGAS, NEVADA

PROPERTY OVERVIEW PROPERTY LOCATION North Teddy Roosevelt Road, Laguna Road, McElmo Drive and West Chinle Drive, Golden
    Valley, Mohave County, Arizona 86413
COUNTY Mohave
ASSESSOR’S PARCEL NUMBER (APN) 339-24-001
LAND/AREA
   640.00+/- Gross Acres
   614.27+/- Net Acres
ROAD FRONTAGE All Sides of Parcel
TOPOGRAPHY Level
ZONING Suburban Development Area, 2.5 Acres per Lot, Neighborhood Commercial
APPROVAL Sixteen 40+/- Acre Platted Lots
UTILITIES Electricity Available to Site, Public Water Lines Extend Along Southern Border
   of Property on Chinle Drive
LAND USES Low to Medium Density Residential, Neighborhood Commercial
APPRIASED VALUE $14,000,000
OFFERING PRICE $5,000,000


OFFERING HIGHLIGHTS

• 640+/- GROSS ACRES
• 614+/- NET ACRES
• SIXTEEN 40+/- ACRE PLATTED LOTS
• BREATHTAKING PANORAMIC VIEWS OF MOHAVE DESERT AND HUALAPAI
      MOUNTAINS
• QUIET PEACEFUL SURROUNDINGS
• ROAD FRONTAGE ON ALL SIDES
• EXCELLENT VISIBILITY AND ACCESS
• COUNTY MAINTAINED PAVED ROADS TO PROPERTY
• HYDROLOGY WORK IN PROGRESS
• APPROVED AS SUBURBAN DEVELOPMENT AREA
• 2.5 ACRES PER LOT PLUS NEIGHBORHOOD RETAIL
• NESTLED BETWEEN DORADO AND LEGEND RANCH MASTER PLANNED
      COMMUNITIES
• TWO MILES NORTH OF HIGHWAY 68
• LOCATED IN MOHAVE COUNTY, THE FASTEST GROWING COUNTY IN ARIZONA
• MINUTES FROM KINGMAN, BULLHEAD CITY, COLORADO RIVER, LAKE MOHAVE
     AND LAUGHLIN, NEVADA
• SHORT DRIVE TO LAKE HAVASU, GRAND CANYON AND FABULOUS LAS VEGAS

PROPERTY SUMMARY
OFFERING DESCRIPTION DLG Realty & Investments is pleased to offer a 640+/- gross acre site (614.27+/- net acres) for residential lot development located two miles north of Highway 68 in Golden Valley, Arizona. The property has been platted into sixteen 40+/- acre individual parcels. All of the parcels offer excellent visibility, access, and spectacular views of the surrounding desert landscape. The offering is surrounded on all four sides by maintained roads. Public water lines extend down Chinle Drive along the southern border of the property. Sacramento Wash extends through the western side of the acreage providing natural drainage to the property.

The property has been designated under the Golden Valley General Land Use Plan as a Suburban Development Area (SDA). Residential lot sizes under the SDA approval range from one acre to five acres, with the typical lot size being 2.5 acres. Neighborhood commercial uses are also permitted in sections compatible with adjacent uses.

The tract is nestled between two Master Planned Communities. Adjoining the property to the southwest is the proposed Dorado Community. This project contains 1,760 acres. On the western side of the property is Legend Ranch. This community encompasses 15,000 acres with all of the units being sold.

The property has the advantage of offering a peaceful picturesque setting yet is convenient to employment centers, hospitals, schools, retail centers, transportation facilities, and cultural and recreational venues. The main thoroughfares extending through the area include Interstate 40, U S Highway 93 and Highway 68. These roads not only provide direct access to the nearby cities of Kingman and Bullhead City but also afford convenient access to the Grand Canyon, Colorado River, Phoenix, Lake Mohave, Laughlin, Nevada and fabulous Las Vegas.

LEGAL DESCRIPTION SEC 24 EXCEPT MCELMO ST.(DR.), LAGUNA RD., CHINLE DR., TEDDY ROOSEVELT RD., AND MANCOS DR. PER RS 7/19-19A & BK 2118 O.R. PGS. 481 & 482 CONT 614.27 ACRES 339-04- 039(339-24-001 & ROADS)

MARKET SUMMARY
MARKET AREA The western section of Arizona has earned the nickname “Arizona’s West Coast” due to the areas breathtaking location along the shores of the spectacular Colorado River, near the junction of Arizona, California and Nevada. Golden Valley is a thriving bedroom community of Kingman and where striking scenic beauty provides a backdrop for a variety of attractions and outdoor recreational activities. Golden Valley is part of Mohave County, the fastest growing county in Arizona. Kingman, “The Heart of Historic Route 66” contains the longest remaining portion of the original highway as well as being the gateway to the western rim of the Grand Canyon, Hoover Dam, London Bridge and the City of Las Vegas. Laughlin, Nevada, located a few miles west of Golden Valley, is located just across the Colorado River and offers a host of activities including gambling, top name entertainment and gourmet dining. Golden Valley, situated near Routes 93, 68 and Interstate 40, is convenient to Bullhead City, Lake Havasu City, Lake Mohave, Lake Mead National Recreational Area, the Grand Canyon, Phoenix, Arizona and Las Vegas, Nevada.

Kingman serves a trade population exceeding 200,000 and with over 300 days per year of sunshine and an average annual temperature of 74.5 degrees, the Kingman/Golden Valley area boasts of over six million visitors a year. Tourism generates $1.2 billion in revenue each year. The median age for the population is 45.8 years and the average age is 42.3 years. The low median age of the area provides a strong source of workers as well as serving to attract corporations seeking an affordable work force. This contributes to the areas low unemployment rate of only 4.3%, which is below the national average. Between 2000 and 2007, Mohave County experienced an 18.65% growth rate and the population is projected to grow by another 14.00% over the next five years. Mohave County’s population grew at three times the national average and is expected to continue to outpace the country over the next several years.

Mohave County’s expanding population can be attributed to several factors. In addition to the mild climate, low unemployment rate, scenic views and “gateway” location, Mohave County also offers affordable land. The area has attracted an influx of people from all over the country, including young professionals, empty nesters and retirees. As a result, the real estate market is one of the fastest growing segments of the region’s economy and has resulted in the expansion in the number and variety of affordable homes in the area. This is a dynamic area for investment opportunities as vacant land in the Las Vegas Valley is becoming increasingly scarce and land prices have increased to record levels. The diminishing land supply in Las Vegas and increasing costs are making the Golden Valley area a very viable alternative for residential developers. The local market benefits from its diversified economy, low cost of living, abundant attractions and outdoor recreational activities, temperate climate and picturesque settings. These factors contribute to a strong economy and continued growth in the foreseeable future.

Contact Person's Name: James Jarrell
Contact Phone Number: +1 702-882-8657
Contact E-mail address: jjarrelldlgrealty@yahoo.com
Brokerage Name: DLG Realty and Investments

Submitted by: admin
Property ID Number: 12
Property ID Name: Golden Valley
Added: Tue Apr 22 2008
Last Modified: Thu May 01 2008

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