2423 E Apache Boulevard -, Tempe, AZ 85288

$1,470,000
Property Type: Land Lot Size (sq. ft.): 41,460 Status: Closed
Current Price: $1,470,000 List Date: 10/27/2018 Last Modified: 2/17/2023

Overview

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

Listing Details MLS# 5839248

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
Country
US
County Code
Maricopa
Assessor Number
134-35-034-C
Tax Year
2018
Lot #
-
Assessor's Map #
35
Legal Description (Abbrev)
TH POR SW4 SEC 19 DAF COM AT NW COR SW4 SD SEC 19 TH E 1598F TH S 50F TO POB TH CONT S 163.76F TH E
Assessor's Parcel #
34
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319300
Taxes
6898

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

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

Status Change Info

Off Market Date
2022-05-05
Under Contract Date
2022-04-27
Close of Escrow Date
2022-06-09

Legal Info

Township
1N
Range
5E
Section
19
Lot Number
-

More Information

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 $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
1450000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Lockbox Type

None
Yes

Existing Land Use

Commercial Acreage
Yes

Zoned Presently

Multi-Family
Yes
Commercial
Yes

Potential Use

Multi-Family
Yes
Commercial
Yes

Parcel Size

.50 - .99 Acres
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

SRP
Yes

Gas

None
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Cash to Loan
Yes
Conventional
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Not Applicable
Yes

Distance to Gas

None
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Other Loan

Not Applicable
Yes

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 Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Cash to Loan; Conventional Environmental: None Lockbox Type: None
IDX
Listing Office: LRA Real Estate Group, LLC
Last Updated: February - 17 - 2023
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.