2304 N CORTEZ Road Unit 2 $7,000,000


    2304 N CORTEZ Road Unit 2 Apache Junction, AZ 85119

    • 4,661 sq. ft.
    • Commercial Sale
    • MLS# 6243545
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    Views: 310 Days On Site: 436

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    Property Details

    3 Businesses situated on over 7.5 acres of land, with street frontage on one of the busiest Highways in Arizona. 2 restaurants & a storage lot. The Restaurants are on a private well & the home is on Arizona Water. Front Patio Dining as well as Back Patio Dining. Back patio has a bar. Panoramic Views from both Patios. These Restaurants are busy year round, by locals & tourists. The property has 3 different street frontages one of them being a Highway. This is your opportunity to own this spectacular property. PLEASE DO NOT DISTURB THE 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
      • Gas None
      • Heating Electric
      • Parking Fenced,Free
      • Roofing Built-Up
      • Sewer Septic in & Cnctd
      • Taxes $15,163
      • Total Approx Building SqFt 4,661
      • Total Approx Land SqFt 328,355
      • Uncovered Parking Spaces 100.00
      • Unit Number 2
      • 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,Dual Street Ftg,Monument Sign
      • Floors Concrete
    • Property Features
      • Total Parking Space 100.00
      • Legal Info: Lot Number 2
      • 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 1920000.00



    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

    $410,000 Median Sales Price
    20 Homes Sold
    50 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: $7,000,000 16.67%
        5/30/2021 12:26:00 PM New in Database Source: Multiple Listing Service New Value: $6,000,000

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        Matt Rivera

        Matt Rivera Regional Mortgage Manager

        Matt Rivera – Regional Mortgage Manager, Prosperity Home Mortgage

        Matt Rivera has more than 18 years of experience in the lending industry. He has experience in a wide variety of positions vital to the originating, funding and eventual sale of residential mortgages.  Matt currently manages a team of Mortgage Consultants, Processors and Closer in multiple states. Matt is a native Tucsonan and a graduate of the University of Arizona’s Eller College of Management with a major in Finance.  

        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 8/9/2022 9:11:51 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.

        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.