Would You Buy an Arizona Missile Silo? Now May be Your Chance

Would You Buy an Arizona Missile Silo Now May be Your Chance

Southern Arizona is known for its desert sunsets, cultural arts scene, and outdoor recreation. A little-known fact is that this part of the state is also becoming famous for having an unusual real estate feature—Privately owned, decommissioned nuclear missile silos. This portion of the state has multiple sites, and those properties that have recently hit the real estate market are turning out to be a hot commodity. Would you buy an Arizona nuclear missile silo? If so, now may be your chance to own a piece of Cold War history. However, you better hurry, because these rare properties are going fast!

The Titan II Missile Silos

The Titan II missile program began in 1963 and was decommissioned during the 1980s. The program involved the construction of approximately 50 underground sites, 18 of which are located in southern Arizona. When it was active, air force personnel occupied the missile silos in 24-hour shifts. Once the program was decommissioned in the 1980s the sites became available for purchase by private buyers. It’s unusual that one of these unique properties would be up for sale. However, recently, southern Arizona has seen three hit the market in close succession.

Recent Market Activity

Last November, a Titan missile silo east of Picacho Peak, near Highway 79 and Panther Butte Road, went on the market and sold only weeks later. The property was listed for $395,000, and the recorded selling price was $420,000. In January of this year, two more Arizona sites went up for sale, one in Oracle located at 63514 E. Highway 77, just northeast of Tucson, and the other in Benson located at 980 N. Sibyl Road, southeast of the city. The listing price for both properties is $495,000.  According to the listing agent, the silos have generated considerable interests both in and out of state, and some offers have come in from other countries. The Oracle property is currently listed as active contingent, and the Benson silo is still awaiting a buyer. The seller’s agent reports that potential buyers have a variety of plans for the silos, including using them as vacation rentals or medical marijuana facilities.

Work with Arizona Real Estate Professionals

Determining whether or not a real estate investment is right for your circumstances requires careful consideration. Whether you are interested in owning an unusual historical property or a more traditional residence, it’s important that you work with the right professionals during the process. Before moving forward, it’s crucial that you: (1) consult with an experienced real estate agent who can help you assess the structure and area market; and (2) an Arizona real estate attorney who can help you evaluate your options.

Laura B. Bramnick is an Arizona real estate attorney who has experience assisting sellers and buyers during all phases of their real estate purchase.  She has the skills and expertise to advise you during all aspects of your transaction.  If you are seeking an exceptional, client-driven real estate lawyer in Scottsdale, Phoenix, Sedona, and throughout the State of Arizona, contact Laura B. Bramnick to schedule your consultation.

 

 

Previous Post
Governor Ducey Announces his Plan for the Valley in 2020
Next Post
My Landlord Reduced My Parking: What are my Remedies?
Menu