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5255 E Cortland Blvd - Cortland Meadows 7.92 Acres of Commercial Land in Flagstaff, AZ 86004
Investment Highlights
- Level Lot
Executive Summary
Land for Sale /Accepting Bids
Prime Multifamily Development Opportunity
Flagstaff, Arizona | 7.92 Acres | Previously Approved for 60 Units
Offering
The property is being offered for bid. The Seller will consider all submitted bids and reserves the right to accept the highest and best offer, counter one or more offers, or reject any and all bids at the Seller’s sole discretion.
Bid Submission Instructions:
• All bids must be submitted in PDF format
• Email submissions to: Charity@sunhaven-realestate.com
• Bid Deadline: 5:00 PM (local time) on August 1st, 2026
Key Highlights:
• Acreage: 7.92± acres
• Zoning/Entitlements: High-Density Residential; approved for multifamily development
• Density: Previously approved for 60 apartment units
• Floodplain Status: AE Flood Zone
• FEMA Approval: CLOMR approved, allowing construction
• Setting: Creekside location backing the Rio de Flag
• Adjacency: Bordering Country Club Meadows Apartments
• Access to the site is via an access easement through Country Club Meadows
• Entitlement Status: The site plan and civil plans were approved in 2019 and have since expired; these plans will be required to be resubmitted and reapproved by the City of Flagstaff prior to development.
• 15 minutes from NAU on Interstate I-40
Approved Unit Mix
The previously approved site plan allowed for a diverse and highly marketable unit mix:
• 10 One-Bedroom Units
• 20 Two-Bedroom Units
• 10 Three-Bedroom Units
This balanced unit configuration is well-suited to Flagstaff’s strong rental market, appealing to students, workforce housing, families, and professionals seeking proximity to employment centers and outdoor amenities.
Access & Infrastructure
• Legal Access: Access to the site is provided through Country Club Meadows via a recorded access easement, ensuring reliable and permanent ingress and egress.
• Utilities:
- The project will require the upsizing of an existing 8-inch private sewer line to a 10-inch sewer main, providing capacity for the approved development.
- Other utilities are available in the immediate area, supporting efficient development and reduced upfront infrastructure risk.
Prime Multifamily Development Opportunity
Flagstaff, Arizona | 7.92 Acres | Previously Approved for 60 Units
Offering
The property is being offered for bid. The Seller will consider all submitted bids and reserves the right to accept the highest and best offer, counter one or more offers, or reject any and all bids at the Seller’s sole discretion.
Bid Submission Instructions:
• All bids must be submitted in PDF format
• Email submissions to: Charity@sunhaven-realestate.com
• Bid Deadline: 5:00 PM (local time) on August 1st, 2026
Key Highlights:
• Acreage: 7.92± acres
• Zoning/Entitlements: High-Density Residential; approved for multifamily development
• Density: Previously approved for 60 apartment units
• Floodplain Status: AE Flood Zone
• FEMA Approval: CLOMR approved, allowing construction
• Setting: Creekside location backing the Rio de Flag
• Adjacency: Bordering Country Club Meadows Apartments
• Access to the site is via an access easement through Country Club Meadows
• Entitlement Status: The site plan and civil plans were approved in 2019 and have since expired; these plans will be required to be resubmitted and reapproved by the City of Flagstaff prior to development.
• 15 minutes from NAU on Interstate I-40
Approved Unit Mix
The previously approved site plan allowed for a diverse and highly marketable unit mix:
• 10 One-Bedroom Units
• 20 Two-Bedroom Units
• 10 Three-Bedroom Units
This balanced unit configuration is well-suited to Flagstaff’s strong rental market, appealing to students, workforce housing, families, and professionals seeking proximity to employment centers and outdoor amenities.
Access & Infrastructure
• Legal Access: Access to the site is provided through Country Club Meadows via a recorded access easement, ensuring reliable and permanent ingress and egress.
• Utilities:
- The project will require the upsizing of an existing 8-inch private sewer line to a 10-inch sewer main, providing capacity for the approved development.
- Other utilities are available in the immediate area, supporting efficient development and reduced upfront infrastructure risk.
Taxes & Operating Expenses (Actual - 2026) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,432
|
$4,852.53
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,432 |
| Annual Per AC | $4,852.53 |
Property Facts
| Sale Type | Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 7.92 AC |
| Zoning | HR - High Density Residential | ||
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 7.92 AC |
| Zoning | HR - High Density Residential |
1 Lot Available
Lot
| Lot Size | 7.92 AC |
| Lot Size | 7.92 AC |
7.92 acres of entitled multifamily land in Flagstaff, Arizona, ideally positioned along the Rio de Flag and adjacent to the established Country Club Meadows Apartments. The project was fully approved for 60 apartment units and FEMA approvals.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 113-37-002F | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $72,162 CAD (2025) |
Property Taxes
Parcel Number
113-37-002F
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$72,162 CAD (2025)
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Sunhaven Real Estate
5255 E Cortland Blvd - Cortland Meadows
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