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1106 S Smith Ranch Road, Benson, AZ

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1106 S Smith Ranch Road

Benson, AZ 85602

Property Type:Land Parcel Size:2,120 Acres
For Sale Price:$5,830,000 Price/Acre:$2,750 Price/SF:$0.06

Proposed Use:Hold for Investment, Single Family Development, Agricultural, Pasture/Ranch

On-Site Improv:Raw land

Sale Notes:
2120 Ac. / I-10 Access & Frontage / Water Rights

Subject property is approx. 2,120 acres with immediate frontage and direct access on the south side of Interstate 10 in northwest Cochise County. Immediate, legal access is currently provided by the I-10 Skyline Drive interchange with additional access to Titan Road, the I-10 frontage road which heads east to the SR90/I-10 interchange. State Land ROW has been acquired for a potential future extension of Nueva Janella Road, connecting the property to SR90. The subject property has residential/commercial development opportunities along with the possibility for renewable energy projects. The north boundary of the property is situated approx. 1000 feet south of the WAPA lines that are approved to be upgraded via the Southline Transmission Project (Hunt Energy).

The subject property is located between the cities of Benson and Tucson within a designated growth area southwest of the intersection of State Route 90 and Interstate 10. The Villages at Vigneto Community Master Plan and Final Development Plan was approved by the City of Benson 7/18/2016 which will allow for up to 28,000 units on approx. 12,167 acres.

The 2,120 acres is directly NW of Villages at Vigneto and is approx. 24 miles east of the Houghton Road Corridor employment centers of Tucson. The south boundary of the property is contiguous to the City of Benson town boundaries, providing a potential annexation opportunity.

To date, $1.47MM has been invested into entitlements. The property has access to water and ADWR has issued an Analysis of Adequate Water Supply for 2,416 acre-feet which is current through 2020. Carrying costs for the property are minimal, annual property taxes are approx. $2,600.

Detailed offering memorandum and a list of all available due diligence studies/materials are available upon request.

JR Carlson Company
Justin Carlson
(480) 292-7001

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