2090 Apache Blvd Tempe, AZ 85281

This exceptional 29,619 square foot commercial land parcel in Tempe, Arizona presents a unique investment opportunity. Located at 2090 E Apache Blvd, 85281, this shovel-ready site boasts prominent frontage on three streets: Apache Boulevard, River Drive, and Lemon Street. The property is fully entitled and permitted for the construction of a fifteen-unit apartment complex, comprising ten two-bedroom units and five one-bedroom units. Detailed architectural plans are included in the sale, streamlining the development process. The current zoning is CSS and R-4, ensuring compliance with all necessary regulations. This prime location offers significant potential for immediate development, with a compelling price point of $40.51 per square foot, or approximately $80,000 per unit. The property's strategic location and comprehensive entitlements make it an ideal investment for developers seeking a quick return on investment. All necessary permits are in place, eliminating lengthy delays often associated with new construction projects. This is a rare opportunity to acquire a fully prepared development site in a thriving Arizona market. Don't miss this chance to capitalize on this exceptional Tempe property.