Truly Arizona’s Current Business Opportunity of the Century!

Warning!!!-This is a giant blog, but it is important!


Although this is my listing with Prudential American Associates and the owners are dear friends of our family, that has absolutely no bearing on what I am about to tell you. I hope you will personally find this information useful, or will know of somebody who should hear about this. If I had $949,990, I would happily pay it for this property in a heartbeat, and there are very logical and sensible reasons for this.
First, the Desert Hills location close to the Carefree Highway has proven to be extremely desirable and profitable even in this economy. Next, the property has a very diverse and interesting “Part of the Old West” history. Furthermore, its current miscellaneous commercial legal classification is so very desirable and rare for the entire North Valley, and the buyer(s) will obtain the essential documents from the sellers which are needed in order to satisfy county zoning regulations in the future. Finally, since the almost $650,000 price reduction ($785,367 off of the original price!), it is an exceptionally unbelievable value for an extremely desirable and profitable lifestyle.










The Location-


This property is located at 35225 North 3rd Street in Desert Hills, AZ. Desert Hills is actually unincorporated Maricopa County and is considered Phoenix, so the technical address is 35225 North 3rd Street Phoenix, AZ 85086. It is currently a popular and well built horse boarding and training facility, but the owner’s declining health issues regrettably force the sale. Additionally, it has been priced to achieve a very quick sale in this market as it is set for a Trustee’s Sale of 05/03/2010 so it must be sold before then!
Nevertheless, the particular location of this parcel is completely unbeatable in the entire North Valley. It is a few lots up from the heavily trafficked Carefree Highway (Hwy 74) in a neighborhood predominantly dominated by horse enthusiasts on acreage properties. The Carefree Highway directly down 3rd Street from the property is slated for a future expansion due to the increasing popularity of the North Valley to the delight of the local flourishing commercial property owners. Also, there are abundant enjoyable riding trails accessible from the property in nearby state land. Furthermore, this property is in close proximity to popular Lake Pleasant, Lake Bartlett, I-17, and the cool towns of Cave Creek and Carefree.













It is a provable fact that many people who travel here to the North Valley area of Arizona end up wanting to live here. This serves true for all age groups as this area offers many desirable features for absolutely everyone. It is beautifully scenic and incredibly picturesque because this area is located in the gorgeous Sonoran Desert, which is rich with ancient statuesque saguaros and abundant bird and wildlife.

The property is surrounded by ancient volcanic mesas, rolling mountains and wide open, flat spaces, and it is an extremely gorgeous and tranquil area to live. Regardless, mere words can not do it proper justice for just how beautiful and desirable the neighborhood of Desert Hills, Arizona truly is as one truly has to experience it for oneself.
It is quite common to see area residents enjoying the beautiful outdoors in the evenings and on the weekends in Desert Hills, riding horses or quads, towing boats to the lakes, hiking, and even frequenting the new Wet N Wild water park which is close by and features everything from relaxing water experiences, to a terrifying (yet super fun) 6 story drop into a gigantic half pipe, and even the world’s first dueling water roller coasters. The half pipe ride, the smaller (but still scream producing) drop into a gigantic funnel, and the realistic reenactment of class five white water rapids are rides that up to four riders can enjoy together. There is something especially fun about riding the slides and being able to watch the reactions on your friends and family’s faces in the heat of the summer. It is common to see residents there young and elderly with children and without shrieking and laughing and having a genuine good time. The fact that this is close by for Desert Hills residents is especially desirable for some.
Nevertheless, perhaps water slides are not your thing? This area still has something for absolutely everyone nearby from farmer’s markets, cultural fairs, many diverse expressions of the Arts, an abundance of museums, the Barrett Jackson collector car auction, events for motorcycle enthusiasts and cycling enthusiasts, major sporting events, and gorgeous and diverse scenery.

Furthermore, this property is especially valuable for the horse business owner as there is an abundance of equestrian resources for one here with which to run one’s business. There are nearby competitive hay suppliers, horse tack shops and auctions, great veterinary services, camaraderie with like minded horse enthusiasts of every discipline imaginable, wide open designated spaces to let the horses enjoy being horses, countless nearby trails, and an active equestrian community with a reasonably priced horse market and horse events year round. Thus, there is truly something for everyone here no matter what one’s heart is into.
Moreover, this area’s breathtaking sunsets and sunrises, deep blue expansive skies, seasonal monsoons, and gorgeous expansive night skies (which one can often see the Milky Way in) also make this property so very special. It is located a few miles from the onramp to the I-17 and also a quick one minute hop onto the before mentioned Carefree Hwy to go to Scottsdale Rd or Cave Creek Rd. In being in the North Valley, one finds themselves gratefully removed from the heavier traffic of downtown and into one of the most scenic wide open spaces Arizona is so extremely desirable for. One can experience rich deep blue skies from this property, have a quick easy drive to anywhere in the valley due to its proximity to desirable travel routes, and relax and unwind listening to coyotes howl under the dazzling wide open Arizona night sky.






Many visitors absolutely fall in love with the environment here as the weather is ideal in Desert Hills in the fall, winter, and spring months. Furthermore, even during the hot summers, the area often experiences monsoon storm conditions in the height of the heat and it will cool the desert down drastically. There is truly nothing like seeing those dark clouds building in the distance and being able to open all the window shades to experience the heavy rain and fantastic lightening shows the seasonal storms produce. When they pass, residents get to enjoy a fresh, cooler day in the middle of the summer complete with gorgeous sky spanning rainbows; billowy white clouds which the Native Americans say resemble sheep, and happy birds which fill the air with their joyous melodies.
The location of this property also offers opportunities to laugh at the humorous side of life with the regular appearance of adorable quail families with their feathery hair dos and even road runners with their interesting and funny way of running through the desert.
Furthermore, even the saguaros deserve mentioning as the Sonoran Desert where this property is located is the only place in the world where they grow, but they don’t just merely grow here. They are so plentiful that the nearby state land has virtual forests of the ancient and mystical giants. Every year when the desert here blooms with its rainbows of diverse wildflowers, the saguaros really stand out. The ones that are over 10 years old will proudly sprout flowers atop their heads which appear somewhat like whimsical hairdos.

Nevertheless, one truly has to experience the location of this property firsthand morning, noon, and night in all seasons to truly gain the understanding of the fabulous lifestyle this property affords. Arizona has become such a popular place to live, with the North Valley especially experiencing tremendous and phenomenal recent growth both residentially and commercially due to all the amenities it offers like nowhere else in the world. For those who desire living in the true Old West, Desert Hills will astound you.

The History-



According to the county, this property originally belonged to the state, and then it became part of an enormous homesteaded real working cattle ranch in the area when there was literally nothing for miles around. It then was purchased and turned into a vineyard.
Next, it was purchased by John W Corbin in the 1930’s.

According to http://www.maricopacountyattorney.org/about/timeline.html, “John Walker
Corbin served as Deputy County Attorney from 1929 until he was elected Maricopa County Attorney in 1937. Mr. Corbin also served as City Attorney for Glendale, Tolleson and Wickenburg from 1945 to 1959.” He was responsible for building the original houses on the property and developed it as a commercial horse facility. It was said that he used the property as a weekend getaway, and that it was his caretaker who truly began making the property a successful commercial horse facility. He reportedly broke horses, taught roping and riding, and offered trail rides to the public.



The property was then transferred to the late Stan Reese who was an International judge of Peruvian Paso Finos and the founder of the Arizona Peruvian Paso Club.


Next, it was sold to Reta Conner who showed and bred Dutch Warmbloods for International dressage. According to her website, while on the 3rd Street ranch
“She imported an unbroken Dutch Stallion, Inxcess, which she trained to Grand Prix level, along with several other horses.” He became one of her foundation breeding stallions and the rest is history. She is still a successful breeder and dressage trainer today.


Furthermore, Reta sold the ranch to the Kealer family in 2005 who extensively and beautifully renovated it. They initially ran a very successful horse rescue and then ran a successful training, breeding, and boarding facility which is now offered for sale to one extremely lucky buyer.


The Legal Classification Information-

The county has this property legally classified as miscellaneous commercial. There are only a handful of properties lucky enough to have this classification in the entire North Valley. Here is a color coded zoning map to illustrate how rare, special, and desirable this property is for the area:


Additionally, the owners currently have all the required notarized affidavits, surveys, and scaled site plans which protect the legal non conforming use (not special use) as the property is grandfathered as such. Maricopa County does not keep the records for the legal non conforming use, but requires that the current owner provide them. This particular parcel has been commercial since before the 1950's, and my clients will happily provide all the necessary paperwork in escrow.
Finally, this property was originally offered at $1,735,357 and then reduced to $1,599,900. Although both prices received quite a bit of qualified buyer attention. it seemed that at the time of the market’s rapid decline, most investors were too afraid to invest in large real estate businesses. It is now offered at $949,990. That is $785,367 off of the original price and $649,910 off of the already reduced price.
Regardless, the market has recovered quite a bit in our area and we are seeing that based upon the North Valley market statistics in the last three months, total high end property sales rose and the months of housing supply was cut in half. In addition, the median sales price rose and the days on market fell considerably. We are confident that the right investor with the right financial situation will see this opportunity and buy it. (A possible short term lease back is available.) Due to this property’s specific location, interesting “grandfathered” history, miscellaneous commercial legal classification, and low asking price, a buyer is going to be extremely lucky to acquire it!





Property Profile For Boarding & Training Facility Business Opportunity

located at: 35225 North 3rd Street



Featuring:
8 stall show barn with key coded tack room and office/vet lab.
19 stall mare motel
12 stall mare motel
1 large stallion pen
7 large turnouts
45’ lighted round pen
Large, professionally built & lighted sand arena
4 horse hot walker
3 oversized wash racks
Boarder’s bathroom facilities
Viewing gazebo
Secure, key coded boarder’s tack room
Cross ties & hitching posts

Extensively Remodeled Main Home (1,550 sq ft.):
3 bedrooms +1 bath + den/office
Vaulted ceilings throughout
Kitchen & Bath feature solid wood cabinets and updated fixtures
Granite countertops
Stainless steel appliances
Saltillo tile throughout
Large laundry & storage room
Covered patio leading to pool, spa, and private fenced yard(s)

Newly Remodeled Rental/Guest Home (1,175 sq. ft):
2 bedrooms + 1 ¾ bathrooms
Split floor plan
Saltillo tile throughout
Covered patios
Fenced yard
Charming eat in kitchen
Currently has tenant with 6 mos. lease who would like to stay longer if possible

Caretaker’s Cottage (500 sq. ft.):
Studio floor plan
Currently being remodeled
Several potential tenants have already expressed interest in renting it when complete.


Multiple Out Buildings include:
Well house
Covered hay storage
Feed/Equipment room
Breeding chutes
Equipment storage

Additional Features:
Breeding/palpitation chutes/teasing wall
Irrigation well rights
1500 gallon water holding tank
10 ton pellet bin
State land trail access
Tonto National Forest close by


Full price offer will include:
Rental/boarding contracts
Golf & feeding carts
Feeders
Water buckets
2 large mounting blocks
2 stoves
2 refrigerators
Miscellaneous equipment needed for business operations
Experienced and knowledgeable consultation/management assistance with business transition to new owners
Possible short term lease back available


Additional acreage available!



MUST SELL NOW!!!

Follow this link to see the MLS listings:
Click to view listing(s)

This link is valid until 4/26/2010.