100 E Fir Street, Cottonwood, AZ 86326

Property Description

In the City of Cottonwood, Arizona lies an empty field that is mostly flat and free of trees, this 2.98 acres is a wonderful opportunity for many scenarios. Present zoning is tax beneficial because it has a low density residential zoning. Its location behind McDonald's on Route 260 is easily accessible by the traffic light at Rt. 260 and Fir Street. Conversations with the City of Cottonwood indicate they may be agreeable to a commercial retail zoning or a more high density residential zoning. Residential could include owned or leased lots. A storage facility could also be a viable option for vehicles, personal property or a combination of both. Another possibility could be growing crops as water from the ditch on the north end of the property may be available. Probable high water table. Disclosure 406-04-150C Yavapai County Seller plans on selling the property in the name of a different legal entity. Seller plans to move the property into a different entity prior to close of escrow with the buyer. Buyer understands and agrees that such a change before close of escrow is understood and approved. Price, terms and conditions of the original contract shall remain the same. This property is bordered by "Oak Wash". Oak Wash has The Cottonwood Ditch Association that controls, among other things, property owners use of ditch water. This declaration is to advise buyers of the existence of the Association as well as to advise any buyer that a survey may be needed to determine the exact parcel borders and corners. The City of Cottonwood indicated that some portion of the parcel by the "Oak Wash" may be in a flood plain. This may also be a subject of a survey which can be completed as a contingency prior to close of escrow. Other waterways may exist that are not technically designated as "Oak Wash", broker here by expands this advisory to these permanent or seasonal waters as well. Current zoning for this parcel is AR20. This allows for a residence every half acre and is a very low density zoning designation. My conversation with the City of Cottonwood indicated that surrounding properties were C2 commercial zoning and that C2 zoning could likely be applied to this parcel. They indicated a building plan should be submitted prior to actions towards rezoning. The City of Cottonwood also mentioned C1 and C2 zonings as a possibility if someone wanted to build housing either on owned or leased land. Seller is willing to cooperate with a developer to get a project approved and a zoning change prior to close of escrow provided plans are professionally designed and workable in its execution in the opinion of the seller. Seller will assist and cooperate in advancement of buyers plans prior to close of escrow. Survey and zoning changes may be part of the buyers inspection period, and are to be at buyers expense unless negotiated otherwise. Any applicable questions regarding the Flood Plain Designation can be directed to James Bramble at the City of Cottonwood, Arizona 928-634-8033. Any questions applicable to ditch use, ownership, membership or associated water can be directed to the Cottonwood Ditch Association at the City of Cottonwood at 928-634-5526.