$1,450,000

2423 E Apache Boulevard, -
Tempe, AZ 85288
MLS# 5839248
Status: Closed

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Property Description
*Multi-Family Development Opportunity* This property is close to the Price Freeway and only steps away from the Price/101 Station of the Light Rail. It has been previously occupied as a retail flower shop and has great potential for a new development of apartment or flex buildings. With the property being only a 4 mile Light Rail ride from ASU, 1 1/2 miles from Mesa Community College and Banner Desert Medical Center it can suit various business opportunities

Details

Maps

Contract Information

Current Price: $1,470,000

Sold Price: $1,470,000

Status: Closed

List Date: 2018-10-26

For Sale or Lease?: Sale

Type: Exclusive Right To Sell

Location Tax Legal

Map Code/Grid: R38

House Number: 2423

Compass: E

Street Name: Apache

St Suffix: Boulevard

City/Town Code: Tempe

State/Province: AZ

Zip Code: 85288

County Code: Maricopa

Assessor Number: 134-35-034-C

Tax Year: 2018

General Property Description

Apx Total Acres: 0.95

Apx Total Acres G/N: G

Price Per Acre: 1526315.79

Apx SqFt: 41460

Price Per SqFt: 34.97

Apx SqFt G/N: G

Lot Size Dimensions: IRR

Zoning: Commercial

Remarks Misc

Cross Street: Price Freeway & Apache Blvd

Directions: On SW corner of Price Road and Apache Boulevard

Geo Lat: 33.414423

Geo Lon: -111.886223

Status Change Info

Off Market Date: 2022-05-05

Under Contract Date: 2022-04-27

Close of Escrow Date: 2022-06-09

Sold Price: $1,470,000

Legal Info

Township: 1N

Range: 5E

Section: 19

Lot Number: -

Contact Info

List Agent Home Phn: 602-451-3684

Sold Info

Loan Type: Cash

Closing Cost Split: Normal - N

Payment Type: Other

Buyer Concession $/%: $

Seller Concession $/%: $

Property Features

Special Listing Cond: N/A

Existing Land Use: Commercial Acreage

Zoned Presently: Multi-Family; Commercial

Potential Use: Multi-Family; Commercial

Parcel Size: .50 - .99 Acres

Water Source: City Franchise

Sewer: Sewer - Public

Electric: SRP

Gas: None

Distance to Cable: On Property

Distance to Phone: On Property

Distance to Water: On Property

Distance to Electric: On Property

Distance to Gas: None

Distance to Sewer: On Property

Existing 1st Loan: Treat as Free&Clear

Existing 1st Ln Type: Not Applicable

Existing 1st Ln Trms: Not Applicable

Existing 2nd Loan: Treat as Free&Clear

Existing 2nd Ln Type: Not Applicable

Existing 2nd Ln Trms: Not Applicable

Existing 3rd Loan: Treat as Free&Clear

Existing 3rd Ln Type: Not Applicable

Existing 3rd Ln Trms: Not Applicable

Existing Other Loan: Not Applicable

New Financing: Cash; CTL; Conventional

Environmental: None

Lockbox Type: None

Listing Office: LRA Real Estate Group, LLC

Last Updated: February - 17 - 2023

2423 E Apache Boulevard, -, Tempe, AZ 85288 (MLS# 5839248)