52 Meridian DrApache Junction, AZ 85120

Property Details for 52 Meridian Dr

Year built

1970

Lot size

1.36 AC

Property size (Sq ft)

1,144 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This 1.36-acre lot in Apache Junction, Arizona, presents a unique investment opportunity. The property features a remodeled 1,144 square foot building, ideal for immediate use as an office or retail space. The building boasts recent upgrades including a new roof, upgraded AC system, new interior can lights, and a completely remodeled kitchen with quartz countertops, new appliances, sink, disposal, and backsplash. The expansive lot offers significant redevelopment potential for multifamily, commercial, or residential projects. The existing structure provides immediate income potential while the land offers long-term growth opportunities. The property also includes a gated yard, a graded lot with crushed gravel for dust control, and a 6-foot perimeter wall, enhancing security and functionality. Built in 1970, this property is priced at $1,025,000, or $895.98 per square foot, representing a compelling value in the thriving Apache Junction market. The property's location at 52 N Meridian Dr, Apache Junction, AZ 85120, offers excellent visibility and accessibility. Don't miss this chance to acquire a versatile property with immediate income and significant future upside.

Location Insight

City

Apache Junction

County

Maricopa

State

Arizona

Latitude

33.4166

Longitude

-111.581

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