16-Acre Camp Verde Property Sold for $1M, Slated to become a New RV Resort Park

Prescott, Ariz. (September 12, 2024) – Recreational Investment Group LLP recently completed the purchase of 15.95 acres in Camp Verde, which they plan to develop into a new RV resort park. The vacant property, which is zoned C-3, is located at the northwest corner of Highway 260 and Dickison Circle, within the area’s Opportunity Zone and offering easy access to cities and communities along Interstate 17 and State Route 260.

Opportunity Zones are an economic development tool created for the purpose of spurring economic growth and job creation in distressed areas and low-income communities in the United States by providing tax benefits to investors. The buyer successfully took the parcel from vacant, unentitled land through the process of engineering the site, obtaining town approvals, and permitting of the site, all during the term of escrow.  Capri Barney with Land Advisors Organization’s Prescott office represented the seller, Verde Valley Holding Company LLC, in the transaction.

“It’s great to see this property becoming a use that will serve the broader community so well,” said Barney. “As an Opportunity Zone property with C-3 zoning, interest from RV community developers was high. Plus, given the property’s prime location, with convenient access and proximity to numerous Northern Arizona communities, developing a community with more affordable residential options makes perfect sense.”

Camp Verde, Arizona has served as the gateway to the Verde Valley and Northern Arizona, making it an ideal location for workforce and retirement age housing. This parcel was within the seller’s larger portfolio of Opportunity Zoned properties in the Camp Verde Area. The portfolio contains only one more Opportunity Zone parcel.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Greenville, South Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City; and Seattle, Washington. Stay connected on Twitter, Facebook and LinkedIn.

# # #

Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965