2304 N CORTEZ Road # 2 Apache Junction, AZ ^$ 7,000,000

2304 N CORTEZ Road # 2

^$ 7,000,000

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2304 N CORTEZ Road # 2

Apache Junction, AZ, 85119

^$ 7,000,000

Studio Baths0.0 Sq 4,661

Monthly Estimate*

^$ 48,897

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Studio

Commercial Property for sale in Apache Junction, AZ

for $7,000,000. This 4,661 square foot building was built in 1992 on a lot size of 7.54.

3 Businesses situated on over 7.5 acres of land, with street frontage on one of the busiest Highways in Arizona. 2 restaurants & a storage lot. The Restaurants are on a private well & the home is on Arizona Water. Front Patio Dining as well as Back Patio Dining. Back patio has a bar. Panoramic Views from both Patios. These Restaurants are busy year round, by locals & tourists. The property has 3 different street frontages one of them being a Highway. This is your opportunity to own this spectacular property. PLEASE DO NOT DISTURB THE OCCUPANTS!

Commercial Active

Price

^$ 7,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 15,163

Style

Comm/Industry Sale

Lot Size

7.54

Year Built

1992

Town/City

Apache Junction

County/Region

Pinal

MLS | Web ID

6243545

Features

General

Sewer Septic in & Cnctd

Heating Electric

Cooling Warehouse Evap Central A/C

Roof Built-Up

Zoning B1

Construction Materials Block

Year Built 1992

Electric SRP

Township 01N

Unit Number 2

Tax Year 2020

Percent Ownership Fee Simple

Gross Income 1920000.0

Business Type Restaurant

County Pinal

Net Operating Income 1600000.0

Operating Expense 42163.0

Insurance Expense 15000.0

Property Type Comm/Industry Sale

Attached Garage N

Status Active

Directions US 60 East to Idaho Rd North on Idaho to North Apache Trail North on Apache Trail (Highway 88) to Lost Dutchman Property is on the eastside of the road.

City Apache Junction

Buyer Agent Compensation 3.00

Disclosures Well Disclosure Seller Prop Disc Stm

View Y/N N

Open Parking Spaces 100.0

Lot Size Square Feet 328355.0

Carport Y/N N

Street Name CORTEZ

Tax Annual Amount 15163.0

Electric Expense 12000.0

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 1084

Structure Type Commercial

Standard Status Active

Occupancy Type Owner

Tax Lot 2

Cap Rate 22.86

Buyer Agent Compensation Type %

Ownership Fee Simple

Senior Community N

Interior

Flooring Concrete

Street Suffix Road

Electric On Property Y/N N

Total Baths 0

Exterior

Fencing Chain Link

Parking Features Free Fenced

Water Source Domestic Well

Total Parking 100.0

Lot Size Area 328355.0

Number of Buildings 2

Spa N

Lot Size Acres 7.54

Lot Size Units Square Feet

Covered Spaces 0.0

Crops Included Y/N N

Open Parking Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2304

* Excluded Features

List By

Lost Dutchman Realty

Broker

charliew@lostdutchmanrealty.com

Affordability Calculator

$50,161

Per Month

Monthly Principal & Interest: $48,897
Monthly Property Taxes: $1,264
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Apache Junction, AZ

Average List Price ^$4,200,000

Percent of Sale Price 40%

About Apache Junction, AZ

41,697 Population

25% Since 2002

^$38,682 Median Income

48.64 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/31/2021	$6,000,000		Listed Price

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2304 N CORTEZ Road # 2, Apache Junction, AZ, 85119 is a Commercial Property for sale at $7,000,000 with 4,661 sqft and a lot size of 7.54. 2304 N CORTEZ Road # 2 is a studio with 0.0 baths and was built in 1992. The property's zip code is 85119 which is in Apache Junction, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/21/2024.

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2304 N CORTEZ Road # 2

Commercial Property for sale in Apache Junction, AZ

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