2Nd Ave Apache Junction, AZ 85120
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5-Acre Multifamily Development Site
Property Features for 0 2Nd Ave
General Information
- Property type
- Multifamily properties
- Lot Size
- 217,800 SF
Listing Agency: ORION Investment Real Estate Listing Agent: Larry Kush
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 5-acre land parcel presents a compelling investment opportunity in Apache Junction, Arizona. Located at the intersection of Colt Road and 2nd Avenue, this property boasts a prime location within the city's thriving downtown area, offering easy access to the Superstition Mountains and a growing array of retail and dining establishments. Currently zoned General Rural Low Density Single Family Detached Residential, the seller is open to rezoning for multifamily development, making it ideal for townhomes or apartments. The APN is 101-20-0090. The property's strategic position within an Opportunity Zone provides significant tax advantages for investors. This presents a unique chance to capitalize on the area's growth potential and contribute to the diversification of Apache Junction's residential landscape. The expansive lot size allows for substantial development, catering to the city's increasing demand for diverse housing options. With its convenient location, favorable zoning potential, and Opportunity Zone designation, this property is poised for exceptional returns. The address is 2nd St, SEC Colt Road and 2nd Avenue, Apache Junction, AZ 85120. The asking price is $1,500,000.
Property Profile
Location Intelligence
Current Use by Public Records
Residential income homes
Map
- City
- Apache Junction
- County
- Pinal
- State
- Arizona
- Longitude
- -111.5527262
- Latitude
- 33.4165563
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 5-Acre Multifamily Development Site
Where is this multifamily property located?
The property is located at 2Nd Ave Apache Junction, AZ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5-acre land parcel in Apache Junction, AZ, at the intersection of Colt Road and 2nd Avenue.; Zoned General Rural Low Density Single Family Detached Residential, with potential for multifamily rezoning.; Prime downtown location near Superstition Mountains, offering easy access to retail and dining.
