1013 Mingus AveCottonwood, AZ 86326

This 10,330 square foot, single-story building situated on a 3.32-acre lot in Cottonwood, Arizona, presents a unique investment opportunity. Currently zoned R1, the property offers significant potential for conversion to R3 multi-family zoning, allowing for up to 80 units. Originally constructed in 1961 as a church, the building features brick construction, evaporative and other cooling, forced gas and other heating, carpet, tile, and vinyl plank flooring. Amenities include 20+ parking spaces, separate men's and women's restrooms, and utilities including electricity, public water, sewer, and telephone. The property boasts unexpected views and is conveniently located on Mingus Avenue, recently improved with new paving and sidewalks. Its strategic location offers high walkability and proximity to a transit stop connecting Cottonwood to Sedona, schools, coffee shops, a medical center, churches, and a post office. The property is being sold AS-IS with no repairs provided by the seller. Discussions with Cottonwood Community Development regarding potential uses are available upon request. Financing options include 1031 exchange, cash, and cash to new loan. The property is owner-occupied.