2304 N CORTEZ Road $4,500,000

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    2304 N CORTEZ Road Apache Junction, AZ 85119

    • 4,661 sq. ft.
    • Commercial Sale
    • MLS# 6243518
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    Views: 13 Days On Site: 67

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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
      • Year Built 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

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    Neighborhood

    85119 (Apache Junction) Demographics

    57 Median Age
    483 Population Density (per sq. mile)
    25% College Educated
    $45,762 Estimated Median Income
    7,624 Estimated Total Home Owners
    2,289 Estimated Total Renters
    77% / 23% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    21,271 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

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

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

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

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 8/5/2021 2:02:01 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Tangible Wealth A Luxury Real Estate Company.

        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.