Metallica front man James Hetfield just cashed out on some land he owned down in Arizona … and he’s pocketing six figures from the transaction.

According to new legal docs … James sold the 20 acres of vacant land he owned in Pima County for $1.2 million.

The docs, obtained by TMZ, say James struck a deal with the Rosemont Copper Company … and the corporation is paying the rocker in straight cash. Cha-ching!!!

James first bought the sprawling plot of land, which is near the United States border with Mexico, in 1998.

James has been an involved member in the community … the Metallica Scholars Initiative recently donated $100k to Pima Community College.

We reached out to reps for James … so far, no word back.

Ya gotta love real estate … it’s almost always a good investment … and they’re not making any more land.

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