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General Market ConditionsThe Show Low / Pinetop area was hit hard during the real estate recession of 2008, as were most other areas of Arizona. Recovery here occurred later than the Phoenix metro area and prices have not yet risen dramatically. Interestingly, the basic market dynamics have changed signifi cantly. When I built the Sierra Pines project in the mid 1990’s less than 20% of buyers would consider themselves full time residents. Today that number is around 50% and rising. With the signifi cant growth of services and medical support over the past fi ve years, Show Low has become a desirable year round community.

Residential sales and building activity in all of the White Mountain communities, including Show Low and Pinetop, have increased dramatically over the past year. Existing home inventories have shrunk substantially and very few unsold spec homes are available for immediate purchase.

New construction is taking place mostly by a limited number of small builders constructing less than fi ve homes per year. No major builders are active in the area. Our company, Snow Creek Construction, is the largest builder in the area but with our current staff we are limited to 25 homes per year, predominately in our Snow Creek development. We are operating at full capacity and have been for the past year. I believe there is room for additional builders in the market, constructing a variety of products.

In our Snow Creek project, Snow Creek Construction is building homes from around 1,800 to 2,300 square feet selling for $350,000 to $500,000 including lot. Entry level housing is priced from around $225,000 to $275,000 for homes in the 1,500 square foot range which includes the lot. Fully improved lots for entry level housing are available to purchase in the $20-25,000 range. We have constructed and sold homes in this price range but do not have the capacity to fully develop this area of the market.

The residential rental market is also very tight, for both apartments and seasonal rentals. There appears to be very good demand for a project that consists of homes or townhouses on individual lots that can be sold and then used in a rental pool for weekly to monthly seasonal rentals.

Feel free to contact me for more information about market conditions and opportunities.

Cory FramptonArizona Realty Inc.602-228-9331cory@arizonarealty.net

Pinetop Multifamily or Office Site For a variety of reasons this is the best multifamily site in the Pinetop / Show Low area. This 3.21 Acre site is located at the intersection of Highway 260 and Mountain Gate Trail in Pinetop / Lakeside. It is located at the entrance to the gated community of Mountain Gate with 375 feet of Highway frontage. The property is nearly fl at, heavily treed and easily buildable. All services are available to the site. The site is accessed from the Mountain Gate community entrance with no highway improvements or other offsite improvements needed.

The parcel is part of the Mountain Gate HOA. Approved uses include multifamily, condominiums, commercial and offi ce. This is an ideal site for apartments, a retirement facility or other types of multifamily. HOA fees are $4,000 per year for the entire parcel and does not change when built out. The Navajo County Parcel Number is 212-69-996.

PRICED AT $265,000 ($1.90/SF)

Q3 2018

SHOW LOW / PINETOPINVESTMENT & DEVELOPMENT OPPORTUNITIES

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Creekside SubdivisionCreekside at Eagle Mountain is located in the City of Show Low 3 miles west of the intersection of Highways 60 and 260. It is well located with an excellent marketing window on the Highway. The property consists of a residential subdivision together with a 6,000 square foot offi ce building.

The offi ce building is an attractive two-story structure that is among the highest quality offi ce structures in the Show Low / Pinetop area. It is on the western side of Show Low and is the fi rst major offi ce building on Highway 260 encountered by visitors from the Phoenix metro area. The building has great visibility with signifi cant highway frontage. It is an excellent location for a regional sales center. It is currently being used as a real estate and home building sales offi ce.

The gated residential development was originally planned for approximately 115 townhomes and infrastructure is around 70% complete. The owner has prepared an alternative development plan for approximately 53 single family residential lots, which is ready to submit for approval. Infrastructure includes city water, city sewer, power, natural gas, cable tv and paved streets. Construction of an attractive project entry and gates have been completed and are accessed directly from Highway 260.

The Show Low / Pinetop area is experiencing a signifi cant shortage of residential homes and both short and long term rental housing. This project can be adapted for a variety of uses including single family or townhouse home sales. An interesting alternative is a community of single family homes that can be sold and then placed in a rental pool and managed through the on-site offi ce building for weekly and monthly rentals.

The majority of the engineering and entitlements have been completed and this project could be online in a very short period of time.

THE PROJECT, INCLUDING THE OFFICE BUILDING AND THE RESIDENTIAL SUBDIVISION, IS OFFERED FOR SALE AT $1,150,000.

FOR MORE INFORMATION CONTACTCory Frampton 602.228.9331cory@arizonarealty.net

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Whispering Trails is located on Highway 260 adjacent to Creekside. Whispering Trails is a fully improved 30 lot subdivision of quarter acre lots. The owner of Creekside has started building entry level homes on this site and the balance of the lots can be purchased along with the Creekside project.

0.24 AC.LOT 6

0.33 AC.LOT 3

0.23 AC.LOT 1

0.27 AC.LOT 2

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0.30 AC.LOT 17

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RIPARIAN

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0.27 AC.LOT 30

MountainLOCATION MAP

SalesOffice

EagleMountainEstates

Creekside

ToHeber

Overgaard

3 Miles to Junction of Highways 60 & 260 Smith Ranch Rd

Hwy 260

Hw

y 260

Old Hwy 160

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0.23 AC

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T 200.26 A

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LOT 17

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T 43

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LOT 40

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T 37

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T 40.19 A

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LOT 12

0.22 AC

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T 50.19 A

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LOT 13

0.31 AC

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T 31

0.19 AC

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T 60.19 A

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LOT 14

0.20 AC

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T 240.35 A

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LOT 32

0.19 AC

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T 70.21 A

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LOT 15

0.32 AC

.LO

T 44

0.19 AC

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T 8

0.35 AC

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T 16

0.33 AC

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T 1

0.19 AC

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T 9

0.55 AC

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T 20.19 A

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LOT 10

0.33 AC

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T 30.19 A

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LOT 11

0.57 AC

.LO

T 30

0.23 AC

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T 22

0.20 AC

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T 23

0.30 AC

.LO

T 21

0.21 AC

.LO

T 25

0.23 AC

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T 28

0.24 AC

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T 29

0.23 AC

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T 26

0.24 AC

.LO

T 34

0.24 AC

.LO

T 420.30 A

C.

LOT 18

WhisperingTrails

Smith Ranch

Rd

Creekside Subdivision

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APPROVED USES WITHIN THE AUTO MALLNew and Used Car DealershipsMotorhome & RV Dealerships and Service FacilitiesMotorcycle and ATV Sales and Service FacilitiesPaint & Body ShopsAuto Parts StoresTire ShopsService FacilitiesCar RentalTractor & Equipment Sales & ServiceCONTACT US REGARDING OTHER USES.

PRICE: Sites of various sizes are available ranging from 1.5 to 10 acres and can be adjusted to meet the needs of purchasers. The Lots are priced at $65,000 per acre with Seller fi nancing available.

FOR MORE INFORMATION VISIT ARIZONAREALTY.NET

Northern Arizona AutomallThe Northern Arizona Auto Mall is the only project of its kind in Northeast Arizona. It attracts buyers from a vast market area including Northern Arizona, Southern Utah and New Mexico. The project is located at the intersection of State Highways 60 and 77 in Show Low, Arizona adjacent to the Show Low Airport.

There are two entrances to the Auto Mall, one from Highway 77 and the other from Highway 260. Each entrance includes turn lanes, signage, a vehicle display area and landscaping. In the center of the project is a large landscaped island for a vehicle display area.

Current dealerships operating in the Auto Mall include Hatch Toyota, Show Low Motorsports, Tate’s Nissan and Tate’s GMC. In addition, both Ford and Chevrolet dealers own sites in the Auto Mall.

Improvements include paving, curbing, city sewer and water, natural gas plus underground electric and telephone. The common areas are owned by the Association including the roadways, entrance areas, the center island and the drainage greenbelts.

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River Run SubdivisionRiver Run is located in the heart of Arizona’s mountain recreation area on the Little Colorado River. The property is minutes from shopping in Springerville and less than 30 minutes from Big Lake, Greer and Sunrise Ski Resort. Fully improved lots are priced from $9,000.

River Run Estates was originally developed in 1999 as 214 lots with an 18-hole golf course on the banks of the Little Colorado River. The golf course project failed and the golf course itself was subsequently closed. The lots are fully improved with paved streets, underground power and telephone, and water and sewer service provided by the Town of Eagar. River Run has CCR’s that require minimum 1,350 square foot site-built homes.

The current owner purchased the 141 remaining lots, added the fairway areas to lots, and commenced sales in May 2017. Since that time approximately 56 lots have been sold with around 85 left in inventory. Quarter acre lots are priced from $9,000 and half acre plus lots are priced from $ 17,000. The average retail price of the remaining lots is approximately $14,600 per lot.

Activity in the Eagar / Springerville area has increased dramatically over the past year and new home construction is taking place within River Run. There is a shortage of entry level single family homes in the area with no sizeable builders. The lots are priced well below replacement cost and are signifi cantly lower than any other fully improved subdivision in the White Mountains.

THE PROJECT IS OFFERED FOR SALE IN BULK AT 70% OF THE RETAIL VALUE OF THE REMAINING LOTS. SELLER FINANCING IS AVAILABLE.

FOR MORE INFORMATION VISIT ARIZONAREALTY.NET

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Airport 23 Acre Industrial

This 23.18 acre parcel is located adjacent to the Show Low Airport. The parcel is zoned Industrial and has approximately 570 feet of frontage on Highway 260 with excellent visibility. It is located approximately 1 mile east of the entrance to the Show Low Airport on the north side of the highway on the south side of the runway. Water, telephone and electric are located on the south side of the highway. Sewer is located about 1,800 feet west of the property and recent development may bring it closer to the property. The property is not part of an HOA and there are no deed restrictions. The Navajo County Parcel Number is 210-01-041C

THE PROPERTY IS OFFERED FOR SALE AT $185,000 ($7,950 PER ACRE) WITH TERMS AVAILABLE

Highway 77 8.6 Acre Industrial

This 8.6 acre industrial parcel is located on the west side of Highway 77 across from the Show Low airport and just north of the Northern Arizona Auto Mall. The property has around 650 feet of frontage on Highway 77 and direct access to the highway on Frost Road. Frost Road is not yet paved and sewer and water are located about 1,000 feet south of the property on 16th Street. The offered price refl ects the required utility extensions and the property is priced far below any other comparable property in the area.The property is not part of an HOA and there are no deed restrictions. The Navajo County Parcel Number is 210-01-42A.

THE PROPERTY IS OFFERED FOR SALE AT $125,000 ($14,500 PER ACRE) WITH TERMS AVAILABLE

About ARIZONA REALTY

In addition to commercial and investment properties, we represent many of the fi nest developers of lots and new homes in Northern Arizona. A wide selection of lots and new homes are available in seven different locations. Fully improved lots range from $9,000 to $90,000. Homes are available from $248,000 to $425,000. Our wide selection of lots are available with excellent seller fi nancing.

Our sales offi ces are located at both Eagle Mountain and Snow Creek in Show Low and are open 7 days a week.

Show Low

1 mi

Globe

3.5 mi

Payson

Hwy77

Hwy60

Hwy260

EagleMountain

SnowCreek

SALES OFFICES LOCATIONS

9 2 8 - 5 3 2 - 0 5 3 2in fo@ar izonareal ty.net1610 W. Snow Creek LoopShow Low, AZ 85901