$1,750,000
$2,160,000
19.0%For more information regarding the value of a property, please contact us for a free consultation.
1138 S Meridian Road #- Mesa, AZ 85208
4.2 Acres Lot
Key Details
Sold Price $1,750,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6769202
Sold Date 10/18/24
HOA Y/N No
Annual Tax Amount $1,328
Tax Year 2023
Lot Size 4.200 Acres
Acres 4.2
Lot Dimensions See County Assessor
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Prime development opportunity!! Recently re-zoned from RS-42 to RM-3 PAD, the property is approved for 72 garden-style apartment units across three buildings, offering a mix of 1 BD, 2 BD, and 3 BD units. The location is ideal, with proximity to Eastmark, Mesa-Gateway Airport, and major healthcare employers. The area boasts strong rental demand and sale values for new residential housing, supported by an annual household income of over $80,000 within a 1-mile radius.
Location
State AZ
County Maricopa
Area Maricopa
Zoning RM-3 PAD
Direction Heading East on Southern, property is on your left.
Interior
Flooring Flooring
Exterior
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 220-79-425
Acceptable Financing Cash, Other (See Rmks), Seller Approve Terms, 1031 Exchange, Conventional
Disclosures ALTA Survey Alba
Listing Terms Cash, Other (See Rmks), Seller Approve Terms, 1031 Exchange, Conventional
Financing Cash
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Bought with My Home Group Real Estate