Property Details
Opportunity Zone Development Land for Sale
Mixed-use development land for sale consisting of ±33 acres, located in an Opportunity Zone, which allows developers and investors to benefit from capital gains tax incentives. Sale price is $5 million.
Property is located at the northwest corner of Old West Highway and Tomahawk Road in fast-growing Apache Junction, Arizona.
- Zoning: RM-2 (15.28 acres, Multifamily Residential up to 22 DU/Acre)
- Zoning: B-1 (16.68 acres, General Commercial)
- Zoning: B-1/PD (1.0 acre, General Commercial, Planned Development Overlay)
- Jurisdiction: city of Apache Junction
Parcel Numbers: 102-02-002B, 102-02-002B, 102-02-011
Excellent drive-by exposure with frontage on Broadway Road, Tomahawk Road and Old West Highway.
Rapidly growing Southeast Valley market with quality new home building and excellent access to the Valley freeway system
Area activity generators include: 123,000 SF Fry’s Marketplace (1/2 mile west) and Central Arizona College Superstition Mountain Campus (less than 1/2 mile west)
- Property TypeLand
- Submarket
- ZoningRM-2, B-1, B-1/PD
- Property ID2088176