2Nd Ave Apache Junction, AZ 85120
- Land
- 5.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 2Nd Ave
- Lot size
- 5.00 lot acres
- Property type
- Land
- Property subtype
- Residential income homes
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Apache Junction
- County
- Pinal
- State
- Arizona
- Longitude
- -111.553
- Latitude
- 33.4166
