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Kingman, Arizona 40 Acres Residential Raw Land Investment Offering
DISCOUNTED: 35%APPRAISED VALUE:
OFFERING PRICE: $130,000
EXCLUSIVE INVESTMENT OFFERING
RESIDENTIAL RAW LAND
40.36+/- ACRES VACANT LAND
LOCATED OFF ROUTE 66
BETWEEN HACKBERRY, ARIZONA AND KINGMAN, ARIZONA
Appraised Value/BPO: $200,000
Discounted Offering Price: $130,000
Offered at 65% of Appraised value
Property Details
40.36 ACRES RESIDENTIAL LAND NEAR ROUTE 66
Location
Off Route 66
North Canyon View Lane
Kingman, Arizona
Marketed Exclusively by:
DLG REALTY AND INVESTMENTS
LAS VEGAS, NEVADA
RESIDENTIAL RAW LAND
PROPERTY LOCATION North Canyon View Lane, Northeast ofKingman, Mohave County, Arizona
COUNTY Mohave
ASSESSOR’S PARCEL NUMBER (APN) 313-70-003 A & B
LAND/AREA 40.36+/- Acres
ROAD FRONTAGE North Canyon View Lane
TOPOGRAPHY Essentially Level
ZONING AR-15A, Agricultural Residential, 15 Acre Minimum Lot Size
UTILITIES Electricity
LAND USE Low Density Residential
- 40.36+/- ACRES RESIDENTIAL LAND
- BREATHTAKING PANORAMIC VIEWS OF MOHAVE DESERT AND HUALAPAI
MOUNTAINS - QUIET PEACEFUL SURROUNDINGS
- ROAD FRONTAGE ON NORTH CANYON VIEW LANE
- EXCELLENT VISIBILITY AND ACCESS
- WESTERN BORDER ADJOINS LARGE TRACT OF PUBLIC LANDS
- SITE REZONED FROM 36 ACRES MINIMUM LOT SIZE TO 15 ACRES
- NESTLED BETWEEN KINGMAN, AZ AND HACKBERRY, AZ
- NEAR HISTORIC ROUTE 66
- CLOSE TO INTERSTATE 40, U S HIGHWAY 93 AND STATE ROUTE 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
OFFERING DESCRIPTION
DLG Realty & Investments is pleased to offer a +/-40.36 acre site located in Mohave County northeast of Kingman, Arizona. The property has excellent visibility, access and spectacular views of the surrounding desert landscape. The acreage is essentially level and cleared. The property is accessible from North Canyon View Lane, which extends north-south along the western border of the parcel. There are several unpaved roads meandering through the tract. Adjoining the property on the western side across North Canyon View Lane are several large vacant parcels of land that are publicly owned. Electricity is available to the area. The property has been rezoned from AR-36A, Agricultural Residential to AR-15A, Agricultural Residential. The rezoning has reduced the minimum lot size from 36 acres to 15 acres. The site is designated under the Mohave County General Land Use Plan for residential use. The parcel is part of Sub-Area 6 of the Mohave County General Land Use Plan Maps.
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. Historic Route 66 passes just north of the property through the communities of Hackberry and Valentine. 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
Spring Valley Ranches, Unit One, Parcel 3, Cont 40.36 Acres
Township 23N, Range 14W, Section 23
MARKET AREA
The western section of Arizona has earned the nickname “Arizona’s West Coast” due to the area's breathtaking location along the shores of the spectacular Colorado River, near the junction of Arizona, California and Nevada. Kingman is a thriving city where striking scenic beauty provides a backdrop for a variety of attractions and outdoor recreational activities. Kingman is the county seat for Mohave County, the fastest growing county in Arizona. The city is also “The Heart of Historic Route 66” and 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 is located just across the Colorado River from Kingman and offers a host of activities including gambling, top name entertainment and gourmet dining. Kingman, situated at the convergences of U S Highway 93, State Route 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 has over 300 days per year of sunshine and an average annual temperature of 74.5 degrees. The Kingman 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 39.6 years and the average age is 39.1 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 area's 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 Kingman 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: 14
Property ID Name: Kingman Residential
Added: Wed Apr 23 2008
Last Modified: Wed Apr 30 2008
