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    2Nd Ave Apache Junction, AZ 85120

    Sponsored
    For Sale
    $1,500,000

    5-Acre Multifamily Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 0 2Nd Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    217,800 SF

    HighLights

    • 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.
    • APN 101‑20‑0090, located in an Opportunity Zone.
    • Asking price: $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

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    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.
    (480) 482-1944
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    2Nd Ave 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
    2Nd Ave Apache Junction, AZ 85120
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