Property profile

161 Meridian Dr Apache Junction, AZ 85120

OFF-MARKET
Land
2.36 ac lot
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Property summary

AI-generated overview

This exceptional 2.36-acre commercial land parcel, located at 161 S Meridian Dr in Apache Junction, Arizona, presents a unique investment opportunity. Priced at $700,000, this property boasts a desirable 02RL zoning designation, perfect for a variety of commercial ventures. The lot is identified by APN numbers 101-10-167A and 101-10-168A. Strategically situated on the southeast corner of Delaware Drive and Apache Trail, it offers excellent visibility and accessibility. The property features frontage on Delaware Drive, providing ample space for building development and convenient access for customers and employees. Its location offers close proximity to existing businesses and retail amenities, ensuring a thriving commercial environment. Furthermore, the property benefits from easy access to major transportation arteries, including the Loop 202 and US 60 freeways, enhancing its connectivity and appeal to a wide range of potential businesses. This prime location and versatile zoning make this property an ideal investment for developers and entrepreneurs seeking a strategic foothold in the growing Apache Junction market. The substantial lot size provides ample room for expansion and future development possibilities. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 2.36 ac (102,802 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

161 Meridian Dr Apache Junction, AZ 85120
Apache Junction metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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