Commercial 10.2 Acres on Old West Highway

2140 E Old West Hwy Apache Junction , AZ 85270

Apache Junction
FOR SALE
Property Type:
Other Land
Amount:
$1,495,000
Last Verified:
Mar 05, 2024

Highlights

  • Nearly 1,078+- Sq. Ft. of Old West Highway frontage.
  • Utilities are close for commercial development.
  • located in booming Apache Junction with easy access to freeway, shopping, Community College, Schools and recreation.

Description

10.2+- Net Acres Commercially Zoned with 1078+-' Frontage on OLD WEST HIGHWAY at the Northwest Corner of Cortez and Old West Highway. The SEC of property is excluded. See maps. Majestic views of the Superstition Mountains. Previously approved and zoned for a shopping center B1-PD. Alternative uses will require zoning approval. Many potential commercial or multi-family uses will be supported by the City of AJ. Possible build to Rent Community. Would make an Excellent Assited Living Site or Community Outreach Project Site. Priced at only $3.36+- per sq. ft. New Topo and ALTA Survey available. Owners May Carry with 25%+ down and short terms, 5 years or less. Submit all offers!

Located at the Northwest Corner of Old West Highwy and Cortez. Cortez is the 1/2 mile Section line between Tomahawk and Goldfield Roads both with Highway 60 On/Off Ramps.

Lot Size: 10.2 acres

Map of 2140 E Old West Hwy , Apache Junction , AZ, 85270

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.