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    161 Meridian Dr Apache Junction, AZ 85120

    Sponsored
    For Sale
    $700,000

    Prime 2.36-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.36-acre commercial land parcel, located at 161 S Meridian Dr in Apache Junction, Arizona, presents a unique investment opportunity. Priced at $700,000, this property boasts a desirable 02RL zoning designation, perfect for a variety of commercial ventures. The lot is identified by APN numbers 101-10-167A and 101-10-168A. Strategically situated on the southeast corner of Delaware Drive and Apache Trail, it offers excellent visibility and accessibility. The property features frontage on Delaware Drive, providing ample space for building development and convenient access for customers and employees. Its location offers close proximity to existing businesses and retail amenities, ensuring a thriving commercial environment. Furthermore, the property benefits from easy access to major transportation arteries, including the Loop 202 and US 60 freeways, enhancing its connectivity and appeal to a wide range of potential businesses. This prime location and versatile zoning make this property an ideal investment for developers and entrepreneurs seeking a strategic foothold in the growing Apache Junction market. The substantial lot size provides ample room for expansion and future development possibilities. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

    Property Features for 161 Meridian Dr

    General Information

    Property type
    Land
    Lot Size
    102,802 SF

    HighLights

    • Commercial land for sale.
    • $700,000 asking price.
    • 2.36‑acre parcel.
    • APN: 101‑10‑167A, 101‑10‑168A.
    • Commercially zoned (02RL).
    • Southeast corner of Delaware Drive and Apache Trail, Apache Junction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.5717685
    Latitude
    33.4132516

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    FAQs

    What type of property is this?
    Land - Prime 2.36-acre commercial lot.
    Where is this land located?
    The property is located at 161 Meridian Dr Apache Junction, AZ.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Commercial land for sale.; $700,000 asking price.; 2.36-acre parcel.
    (480) 659-1777
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    161 Meridian Dr Apache Junction, AZ 85120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    161 Meridian Dr Apache Junction, AZ 85120
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