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

40 Cultural Park Place, -, Sedona, AZ 86336

$18,800,000
Property Type: Land Lot Size (sq. ft.): 1,785,960 Status: Closed
Current Price: $18,800,000 List Date: 11/03/2019 Last Modified: 2/09/2025

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...

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.

More Information MLS# 6000140

Contract Information

Type: Exclusive Agency For Sale or Lease?: Sale Current Price: $18,800,000 Sold Price: $18,800,000 Status: Closed List Date: 2019-11-02

Location, Tax & Legal

Lot #: - Assessor's Map #: 47 Legal Description (Abbrev): AN IRREGULAR METES AND BOUNDS PORTION OF THE SE4. NE PARCEL CORNE R APPROX 682 FT SOUTH & 400 FT WES Assessor's Parcel #: 9 Assessor Parcel Ltr: B Add'l Parcels: Yes Tax Municipality: Yavapai - COUNTY Taxes: 59038 Marketing Name: SEDONA CULTURAL PARK Map Code/Grid: C82 House Number: 40 Street Name: Cultural Park St Suffix: Place City/Town Code: Sedona State/Province: AZ Zip Code: 86336 County Code: Yavapai Assessor Number: 408-47-009-B Subdivision: M&B Tax Year: 2019

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 Elementary School: Out of Maricopa Cnty Jr. High School: Out of Maricopa Cnty High School: Out of Maricopa Cnty Zoning: N/A

Legal Info

Range: 05E Section: 16 Township: 17N Lot Number: -

Special Listing Cond

N/A: 1

Pmt & Rate Info

Equity: 19900000 Total Owed: 0

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N Assessed Balance: 0 HOA 2 Y/N: N

Showing Notification Methods

Phone Call: 1

Existing Land Use

Other (See Rmks): 1

Zoned Presently

Recreational: 1 Other (See Rmks): 1

Parcel Size

40.00 - 79.99 Acres: 1

Proposed Density

16 - 20 Units P/Acre: 1

Development Status

Plans Available: 1 Plans Included: 1 Other: 1 See Remarks: 1

Land Features

Cul-De-Sac: 1 Corner Lot: 1 North/South Exp: 1 Borders Preserve/Public Land: 1 Other: 1 See Remarks: 1

Elevation

3,001 - 4,000 Ft: 1 4,001 - 5,000 Ft: 1

Elevation Source

Topo Survey: 1

Vegetation

Natural Vegetation: 1

Land Configuration

Other (See Rmks): 1

Traffic Count

15,001 to 25,000: 1

Water Source

Private: 1

Freeway/Highway

Frontage: 1

Sewer

Sewer - Public: 1 No Sewer/Septic: 1

Electric

APS: 1

Topography

Level: 1 Gentle Sloping: 1 Hillside: 1 Rolling: 1

Gas

Underground: 1 Other (See Rmks): 1

Existing Structures

Park Model(s): 1 Other: 1 See Remarks: 1

Distance to Cable

Under 350 Feet: 1

New Financing

Cash: 1 Conventional: 1

Distance to Phone

Under 350 Feet: 1

Distance to Water

On Property: 1

Existing 1st Loan

Treat as Free&Clear: 1

Distance to Electric

On Property: 1

Distance to Gas

Under 350 Feet: 1

Distance to Sewer

Under 350 Feet: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1 ALTA Survey Alba: 1 Development Pln Aval: 1 Other (See Rmks): 1

Environmental

Phase I Available: 1

Existing Other Loan

Not Applicable: 1

Sold Info

Loan Type: Cash to Loan Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Balloon Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %

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

Off Market Date: 2021-09-23 Under Contract Date: 2020-09-23 Close of Escrow Date: 2021-09-22 Sold Price: $18,800,000

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 Preserve/Public Land; 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) Traffic Count: 15,001 to 25,000 Topography: Level; Gentle Sloping; Hillside; Rolling Existing Structures: Park Model(s); Other; See Remarks Water Source: Private 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 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear Existing Other Loan: Not Applicable New Financing: Cash; Conventional Environmental: Phase I Available Showing Notification Methods: Phone Call
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: February - 09 - 2025
40 Cultural Park Place, -, Sedona, AZ 86336- MLS# 6000140
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