52 Meridian Dr, Apache Junction, AZ 85120
This 1.36-acre lot in Apache Junction, Arizona, presents a unique investment opportunity. The property features a remodeled 1,144 square foot building, ideal for immediate use as an office or retail space. The building boasts recent upgrades including a new roof, upgraded AC system, new interior can lights, and a completely remodeled kitchen with quartz countertops, new appliances, sink, disposal, and backsplash. The expansive lot offers significant redevelopment potential for multifamily, commercial, or residential projects. The existing structure provides immediate income potential while the land offers long-term growth opportunities. The property also includes a gated yard, a graded lot with crushed gravel for dust control, and a 6-foot perimeter wall, enhancing security and functionality. Built in 1970, this property is priced at $1,025,000, or $895.98 per square foot, representing a compelling value in the thriving Apache Junction market. The property's location at 52 N Meridian Dr, Apache Junction, AZ 85120, offers excellent visibility and accessibility. Don't miss this chance to acquire a versatile property with immediate income and significant future upside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.