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    OFF-MARKET
    Retail properties & Spaces

    52 Meridian Dr, Apache Junction, AZ 85120

    1,144 SF 1.36 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1970
    Total area 1,144 SF
    Lot 1.36 ac (59,242 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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