LandsofAmerica.com - Land Resources / News / Trust land in Phoenix up for bids
#1 in Land for Sale Online
Land ID Search
International Paper Timberland for Sale
Click Below to Find a Farm or Ranch for Sale
America
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Land for Sale
sort by
Most Popular
Most Expensive
Most Acreage

Land Resources / News / Trust land in Phoenix up for bids
Trust land in Phoenix up for bids (complete article from source)
Source: The Arizona Republic, by Peter Corbett
May 20, 2008

A large infill-development site in Phoenix once considered for a Cardinals football stadium goes on the auction block next month.

The Arizona State Land Department is selling the 64-acre site southwest of 40th Street and McDowell Road for a minimum bid of $20 million. The auction is set for June 17.

"That's going to be a good auction," said Mark Winkleman, state land commissioner. "I expect several parties in attendance." OAS_AD('ArticleFlex_1') Located just north of Loop 202, the L-shaped parcel of state trust land is zoned for a mix of uses.

Offices and retail building would be allowed under the current zoning, along with single-family homes, apartments or condominiums.

The Land Department decided to sell rather than lease the site because it is unclear how the winning bidder will choose to develop it, Winkleman said.

The department typically leases commercial land and sells acreage for residential development.

Centex Real Estate Corp. was the applicant and prepared a development report about the property.

Winkleman said he does not expect the home builder to be among the bidders because of a slump in the new-housing market.

With its central location and freeway access, the land was among the sites in 2000 under review for a new stadium for the Arizona Cardinals. Glendale became home to that facility.

A decade earlier, the land was considered for a baseball stadium for the new Arizona Diamondbacks. The ballpark eventually was built in downtown Phoenix.

Winkleman said the property is one of three true infill sites that remain in the Land Department's portfolio.

The others are a 620-acre site adjacent to South Mountain Park at 27th Avenue and a 22-acre site at Bell Road and 19th Avenue.

It's unclear why the infill sites were not disposed of earlier, he added.

The state trust land is valued at $312,598 per acre.

Potential buyers have to bring a $2.4 million certified check to the auction to qualify as a bidder.

Recent auctions for state trust land near Desert Ridge and elsewhere have been postponed because home builders are trying to get rid of excess inventory and do not want to carry additional acreage for new developments.



Click here for complete article from The Arizona Republic
Signup | Contact Us

View All Land, Farm, Ranch, and Waterfront Properties for Sale

Land for Sale | Alabama Land | Alaska Land | Arizona Land | Arkansas Land | California Land | Colorado Land | Connecticut Land | Delaware Land | Florida Land | Georgia Land | Hawaii Land | Idaho Land | Illinois Land | Indiana Land | Iowa Land | Kansas Land | Kentucky Land | Louisiana Land | Maine Land | Maryland Land | Massachusetts Land | Michigan Land | Minnesota Land | Mississippi Land | Missouri Land | Montana Land | Nebraska Land | Nevada Land | New Hampshire Land | New Jersey Land | New Mexico Land | New York Land | North Carolina Land | North Dakota Land | Ohio Land | Oklahoma Land | Oregon Land | Pennsylvania Land | Rhode Island Land | South Carolina Land | South Dakota Land | Tennessee Land | Texas Land | Utah Land | Vermont Land | Virginia Land | Washington Land | West Virginia Land | Wisconsin Land | Wyoming Land

Rural Homes for Sale | Alabama Homes | Alaska Homes | Arizona Homes | Arkansas Homes | California Homes | Colorado Homes | Connecticut Homes | Delaware Homes | Florida Homes | Georgia Homes | Hawaii Homes | Idaho Homes | Illinois Homes | Indiana Homes | Iowa Homes | Kansas Homes | Kentucky Homes | Louisiana Homes | Maine Homes | Maryland Homes | Massachusetts Homes | Michigan Homes | Minnesota Homes | Mississippi Homes | Missouri Homes | Montana Homes | Nebraska Homes | Nevada Homes | New Hampshire Homes | New Jersey Homes | New Mexico Homes | New York Homes | North Carolina Homes | North Dakota Homes | Ohio Homes | Oklahoma Homes | Oregon Homes | Pennsylvania Homes | Rhode Island Homes | South Carolina Homes | South Dakota Homes | Tennessee Homes | Texas Homes | Utah Homes | Vermont Homes | Virginia Homes | Washington Homes | West Virginia Homes | Wisconsin Homes | Wyoming Homes

Lake Houses for Sale | Alabama Lake Houses | Alaska Lake Houses | Arizona Lake Houses | Arkansas Lake Houses | California Lake Houses | Colorado Lake Houses | Connecticut Lake Houses | Delaware Lake Houses | Florida Lake Houses | Georgia Lake Houses | Hawaii Lake Houses | Idaho Lake Houses | Illinois Lake Houses | Indiana Lake Houses | Iowa Lake Houses | Kansas Lake Houses | Kentucky Lake Houses | Louisiana Lake Houses | Maine Lake Houses | Maryland Lake Houses | Massachusetts Lake Houses | Michigan Lake Houses | Minnesota Lake Houses | Mississippi Lake Houses | Missouri Lake Houses | Montana Lake Houses | Nebraska Lake Houses | Nevada Lake Houses | New Hampshire Lake Houses | New Jersey Lake Houses | New Mexico Lake Houses | New York Lake Houses | North Carolina Lake Houses | North Dakota Lake Houses | Ohio Lake Houses | Oklahoma Lake Houses | Oregon Lake Houses | Pennsylvania Lake Houses | Rhode Island Lake Houses | South Carolina Lake Houses | South Dakota Lake Houses | Tennessee Lake Houses | Texas Lake Houses | Utah Lake Houses | Vermont Lake Houses | Virginia Lake Houses | Washington Lake Houses | West Virginia Lake Houses | Wisconsin Lake Houses | Wyoming Lake Houses

Powered by LandsofAmerica.com
COPYRIGHT © 2003-Current, All Rights Reserved
Terms of Use