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.
Share Property
Location
1138 S Meridian Road, -, Mesa, AZ 85208
Status
Sold
Date Sold
October 18, 2024
Property Amenities
Area & Lot
Lot Area4.2 Acres
MLS® ID6769202
TypeLand
StatusSold
Exterior
Water SourceCity Franchise
SewerPublic Sewer
Finance
Sales Price$1,750,000
Real Estate Tax$1,329 yearly
Work With Us
With experience and expertise in multiple facets of the business have given us the skills to deal with any transaction, regardless of the type or price point.