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40 Cultural Park Place, -, Sedona, AZ 86336 (MLS# 6000140)

$19,900,000
40 Cultural Park Place, -
Sedona, AZ 86336
MLS# 6000140
Status: Closed



40 Cultural Park Place, -, Sedona, AZ 86336
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40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 Listed Separately $1,750,000 40 Cultural Park Place, -, Sedona, AZ 86336 Listed Separately $1,750,000 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 Listed Separately $1,750,000 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336 40 Cultural Park Place, -, Sedona, AZ 86336

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...

Details
Maps
Contract Information
Current Price: 18800000
List Price: 19900000
Status: Closed
List Date: 2019-11-02
For Sale or Lease?: Sale
Type: EA
Location, Tax & Legal
Map Code/Grid: C82
House Number: 40
Street Name: Cultural Park
St Suffix: Place
Lot #: -
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
Country: USA
County Code: Yavapai
Assessor's Map #: 47
Assessor's Parcel #: 9
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Assessor Number: 408-47-009-B
Legal Description (Abbrev): AN IRREGULAR METES AND BOUNDS PORTION OF THE SE4. NE PARCEL CORNE R APPROX 682 FT SOUTH & 400 FT WES
Subdivision: M&B
Tax Municipality: Yavapai - COUNTY
Taxes: 59038
Tax Year: 2019
Marketing Name: SEDONA CULTURAL PARK
General Property Description
Apx Total Acres: 40.9
Apx Total Acres G/N: G
Price Per Acre: 486552.57
Apx SqFt: 1785960
Price Per SqFt: 11.14
Apx SqFt G/N: G
Lot Size Dimensions: MULTIPLE PARCELS-SEE SURVEY
Horses: Y
Zoning: N/A
Elementary School: Out of Maricopa Cnty
Jr. High School: Out of Maricopa Cnty
High School: Out of Maricopa Cnty
Elem School Dist #: 000 - Out of Area
High School Dist #: 000 - Out of Area
Out of Area Schl Dst: 9
Remarks & Misc
Cross Street: 89A, Cultural Park Pl, Arts Village Drive
Directions: * 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.
Geo Lat: 34.851835
Geo Lon: -111.832712
Status Change Info
Status Change Date: 2021-09-23
Off Market Date: 2021-09-23
Under Contract Date: 2020-09-23
Close of Escrow Date: 2021-09-22
Sold Price: 18800000
Legal Info
Township: 17N
Range: 05E
Section: 16
Lot Number: -
Pmt & Rate Info
Equity: 19900000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Sold Info
Loan Type: Cash to Loan
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concess $/%: %
Seller Concess $/%: %
Property Features
Special Listing Cond: N/A
Existing Land Use: Other (See Rmks)
Zoned Presently: Recreational; Other (See Rmks)
Parcel Size: 40.00 - 79.99 Acres
Proposed Density: 16 - 20 Units P/Acre
Development Status: Plans Available; Plans Included; Other; See Remarks
Land Features: Cul-De-Sac; Corner Lot; North/South Exp; Borders Pres/Pub Lnd; Other; See Remarks
Elevation: 3,001 - 4,000 Ft; 4,001 - 5,000 Ft
Elevation Source: Topo Survey
Vegetation: Natural Vegetation
Land Configuration: Other (See Rmks)
Roads/Streets: Gravel; Dirt; Asphalt; Private Street
Traffic Count: 15,001 to 25,000
Freeway/Highway: Frontage
Topography: Level; Gentle Sloping; Hillside; Rolling
Existing Structures: Park Model(s); Other; See Remarks
Water: Private Franchise
Sewer: Sewer - Public; No Sewer/Septic
Electric: APS
Gas: Underground; Other (See Rmks)
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional
Reports/Disclosures: Seller Prop Disc Stm; ALTA Survey Alba; Development Pln Aval; Other (See Rmks)
Environmental: Phase I Available
Supplements
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.

Listing Office: Russ Lyon Sotheby's International Realty

Last Updated: September - 23 - 2021

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Tuesday 28th of September 2021 08:06 PM