2304 N CORTEZ Road $5,500,000


    2304 N CORTEZ Road Apache Junction, AZ 85119

    • 4,661 sq. ft.
    • Commercial Sale
    • MLS# 6243518
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    Views: 64 Days On Site: 401

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    Property Details

    LOCATION, LOCATION, LOCATION! Property is a corner lot and 3 different street frontages, Highway 88 is one of the busiest Highways in the state with tourists in the winter or lake traffic in the summer. This property has Panoramic Views from the Front Patio or even the Back Patio. Two Restaurants on one property that is situated on over 3 acres of land with unobstructed views of the Superstition Mountains. These restaurants are busy year round, whether local stopping in for lunch or a traveler grabbing dinner. Lots of autographs on dollar bills hung all over one of the restaurants. Front patio & even a back patio with bar to sit back & relax. The property even has a Bull-riding Arena. This is your opportunity to be able to own two very popular Restaurants, Whether you are towing your recreational vehicle or riding your horse for a bite to eat, there is plenty of room here. PLEASE DO NOT DISTURB OCCUPANTS!

    • General Features
      • Building Type Commercial
      • Cooling Central A/C,Warehouse Evap
      • County Pinal
      • Covered Parking Spaces 0.00
      • Cross Street N Apache Trail & Lost Dutchman Blvd
      • 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.
      • Electric SRP
      • Fencing Chain Link,Wood
      • Gas None
      • Heating Electric
      • Parking Paved Parking
      • Roofing Built-Up
      • Sewer Septic in & Cnctd
      • Taxes $10,117
      • Total Approx Building SqFt 4,661
      • Total Approx Land SqFt 131,240
      • Uncovered Parking Spaces 100.00
      • Water Domestic Well
      • YearBuilt 1992
      • Zoning B1
    • Building Features
      • Construction Block
      • Ceiling Height 14.1 Feet to 16 Feet
      • Stories 1 Story
      • Interior Finished
      • Exterior Building Sign,Corner Lot,Monument Sign,Security Camera(s)
      • Floors Concrete
    • Property Features
      • Total Parking Space 100.00
      • Legal Info: Lot Number C
      • Legal Info: Township 15
      • Legal Info: Range 08E
      • Ownership Fee Simple
      • Income & Expenses: Net Operating Income 1600000.00
      • Income & Expenses: Gross Annual Sch Inc 1600000.00
      • Income & Expenses: Adjusted Gross Inc 1600000.00



    85119 (Apache Junction) Demographics

    55 Median Age
    595 Population Density (per sq. mile)
    32% College Educated
    $58,474 Estimated Median Income
    8,711 Estimated Total Home Owners
    2,731 Estimated Total Renters
    76% / 24% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    26,216 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    43 New On Market

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      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,500,000 22.22%
        5/30/2021 11:26:00 AM New in Database Source: Multiple Listing Service New Value: $4,500,000

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        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 7/5/2022 12:45:58 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Tangible Wealth A Luxury Real Estate Company.

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

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.