$7,995

Description

This vacant lot at 4925 N Cortez Drive in Eloy, Arizona, presents a strategic opportunity for investors and buyers looking to enter a growing market with a long-term vision. Situated in an area favored for secondary and vacation homes, Eloy continues to attract attention due to its location between Phoenix and Tucson, making it an ideal place to acquire land with future appreciation potential. The parcel offers a clean slate for development, though utilities such as water, electric, and sewer are located approximately 0.25 to 0.5 miles from the property line. While this means additional infrastructure investment will be required to connect, it remains within a manageable range for build-out plans once market conditions align. Prospective owners should investigate local zoning codes, subdivision potential, and utility connection costs as part of their due diligence. Currently, this lot is best suited for a buy-and-hold strategy. Investors can secure the land at an attractive price point in a market with limited comparable inventory, positioning themselves advantageously for future rezoning, subdivision, or construction as area development accelerates. Eloy's expanding population, improving infrastructure, and increasing demand for housing create a favorable backdrop to hold and capitalize on land appreciation over time. The location offers convenient access to highways and essential services while remaining removed enough to benefit from quiet, semi-rural surroundings coveted by many secondary homebuyers. This balance of accessibility and tranquility makes the lot a promising investment for those looking to build value steadily before committing to construction. In summary, 4925 N Cortez Dr is a compelling vacant land acquisition for buyers focused on long-term growth and development in a market primed for change. With some planning around utility connections and zoning, this property can form the foundation of a lucrative real estate portfolio or future residential project. Owner is a licensed real estate agent in the state of AZ. Seller Financing 50% down, monthly payment $500, Interest rate 10%. Must use Pioneer Title