Mesa, AZ 85208,1138 S Meridian Road #-
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$ 2,160,000
Est. payment | /mo

4.2 Acres Lot


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$ 2,160,000
Est. payment | /mo
Save

4.2 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 6769202

HOA Y/N No

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Annual Tax Amount $1,328

Tax Year 2023

Lot Size 4.200 Acres

Acres 4.2

Lot Dimensions See County Assessor

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

Zoning RM-3 PAD

Direction Heading East on Southern, property is on your left.

Exterior

Waterfront No

Building

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 220-79-425

Acceptable Financing Other (See Rmks), Seller Approve Terms, 1031 Exchange, Conventional

Listing Terms Other (See Rmks), Seller Approve Terms, 1031 Exchange, Conventional

Arizona Regional MLS (ARMLS)
Listed by Compass

GET MORE INFORMATION

Sharyn Younger

Broker/Owner | Lic# BR649991000

+1(480) 589-2347

2432 East Dogwood, DriveChandler, AZ,, 85286

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1138 S Meridian Road #-