Prime acreage foreclosed and offered for sale at 12% of the 2006 appraised value of $420,000,000. The 5,690 acres known as Merrill Ranch provides an incredible opportunity to acquire a large Arizona tract at the lowest price in years. The property, located in the path of growth between Phoenix and Tucson, is being marketed for a consortium of 67 banks. The city of Phoenix predicts the Greater Phoenix region to grow by nearly 60 percent by 2030, bringing the population to more than six million people. Merrill Ranch, a master planned community in Florence, Arizona, is zoned as a Planned Urban Development (PUD) with residential, commercial, and high-density mixed-use components. On average, the allowable residential density is 4.5 units
Michael Bull Bull Realty, Inc.