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    2140 Old West Hwy Apache Junction, AZ 85119

    For Sale
    $1,495,000

    10.2 Acres, Prime Location, $1.495M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 10.2-acre commercial land parcel in Apache Junction, Arizona, presents a remarkable investment opportunity. Boasting over 1,078 feet of frontage on Old West Highway, this strategically located property sits at the northwest corner of Cortez and Old West Highway, conveniently positioned midway between Highway 60 and Tomahawk off-ramps. Previously approved and zoned for a B1-PD shopping center, the property offers multiple potential commercial uses, including build-to-rent communities, assisted living facilities, or community outreach projects. The City of Apache Junction is supportive of various commercial and multi-family developments. Enjoy majestic Superstition Mountain views. Priced affordably at approximately $3.36 per square foot, this property includes five parcels currently in the process of being platted into a single lot. New topographical and ALTA surveys are available. The legal description and map are ready for recording. Owner financing may be available with a substantial down payment and short-term arrangement. This is a rare opportunity to acquire a large, well-located commercial parcel in a thriving Arizona community. The southwest corner of the property is excluded; please refer to available maps for detailed boundaries. APN: 10320001A, 009A, 0020, 003B, 003A. The property is located at 2140 E Old West Hwy, Apache Junction, AZ 85119.

    Property Features for 2140 Old West Hwy

    General Information

    Property type
    Land
    Lot Size
    444,312 SF

    HighLights

    • 10.2 net acres of commercially zoned land with over 1,078 feet of Old West Highway frontage.
    • Priced at approximately $3.36 per square foot.
    • Excellent Apache Junction location with convenient freeway access, shopping, and recreation.
    • Multiple potential commercial uses.
    • Strategically located near the intersection of Cortez and Old West Highway, midway between Highway 60 and Tomahawk off‑ramps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.5222066
    Latitude
    33.3991069

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    FAQs

    What type of property is this?
    Land - 10.2 Acres, Prime Location, $1.495M
    Where is this land located?
    The property is located at 2140 Old West Hwy Apache Junction, AZ.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: 10.2 net acres of commercially zoned land with over 1,078 feet of Old West Highway frontage.; Priced at approximately $3.36 per square foot.; Excellent Apache Junction location with convenient freeway access, shopping, and recreation.
    Request Owner's contact information
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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
    2140 Old West Hwy Apache Junction, AZ 85119
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