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$1,750,000
Apache Junction, AZ 85119
MLS# 6712257
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Property Description
The proposed development includes approximately 33,000 square ft. of industrial and commercial retail building space within the Old West Highway Development District in Apache Junction, Arizona. The address is 1955 E. Old West Highway. This area has received huge investment dollars from the city and ADOT to widen the highway to two lanes divided with landscaping, sidewalks, etc. connecting the North East Valley along the Superstition Mountain front to the US 60 and all the new, and proposed freeways to the South East Valley. The idea was to provide space for contractors, building supply vendors, and the like, that will serve all the proposed growth in the surrounding area. The property is 3.66 acres including 555 feet of frontage on Old West Highway. The approved concept and civil
Details
Maps
Contract Information
Current Price: $1,750,000
List Price: $1,750,000
Status: Active
List Date: 2024-05-05
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
House Number: 1955
Compass: E
Street Name: OLD WEST
St Suffix: Highway
Lot #: -
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
Country: USA
County Code: Pinal
Assessor's Map #: 20
Assessor's Parcel #: 4
Add'l Parcels: No
Assessor Number: 103-20-004
Legal Description (Abbrev): N1/2 NE NW SW LESS R/W OF SEC 27-1N-8E 3.63 AC
Subdivision: S27 T1N R8E
Census Tract: 315
Tax Municipality: Pinal - COUNTY
Taxes: 1422
Tax Year: 2023
General Property Description
Apx Total Acres: 3.63
Apx Total Acres G/N: G
Price Per Acre: 482093.66
Apx SqFt: 158123
Price Per SqFt: 11.07
Apx SqFt G/N: G
Lot Size Dimensions: 158123
Zoning: B-5
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: Tomahawk/E Old West Highway
Geo Lat: 33.400081
Geo Lon: -111.525769
Status Change Info
Status Change Date: 2024-05-30
Legal Info
Township: 01N
Range: 08E
Section: 27
Lot Number: -
Pmt & Rate Info
Equity: 1750000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot
Zoned Presently: Commercial
Potential Use: Commercial; Office; P.A.D.
Parcel Size: 2.50 - 4.99 Acres
Development Status: Raw Land
Land Features: Dual Street Ftg; Mountain View(s); North/South Exp
Vegetation: Natural Vegetation
Land Configuration: Irregular Shape
Roads/Streets: Asphalt
Traffic Count: Unknown
Freeway/Highway: Frontage
Topography: Level
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Private; Treat as Free&Clear
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
New Financing: Cash; Conventional
Reports/Disclosures: Soil Test; Seller Prop Disc Stm; Boundary Survey Avlb; Development Pln Aval
Environmental: None
Lockbox Type: None
Fencing: Block; Partial
Supplements
site plan includes 15 industrial condos with gated yards. 14 of the condos are 1500 square ft. and 1 is 1920 square ft. (see site plan). Each industrial condo has 750 square ft. of outdoor, paved and gated yard space. There is also a larger "anchor" space with an approximately 10,000 square ft. building with mezzanine office space. Both building types and proposed uses fit within the popular B-5 zoning.
The building plans approval and permit process is nearly complete for the project. As of today, the city has requested a topographical survey which, when submitted, will complete the review process for the development agreement with the public works department. A permit would then be issued to begin working in the right of way along Old West Highway, in order to complete the main water line extension noted on the civil site plan. During this initial phase of construction, the planning and zoning department will complete its review of the building plans and issue the building permit. Both the development agreement and building permit could be issued in as little as 8 weeks.
Listing Office: Realty ONE Group
Last Updated: June - 01 - 2024
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