Description

Apache Square is a redevelopment offering at the southwest corner of McClintock Drive and Apache Boulevard in Tempe. Asking price $11,000,000. The OM describes approximately 85,015 SF (1.95 acres) with an existing approximately 16,725-SF retail structure; zoning MU-4 PAD TOD; APN 133-06-001F. The property is along Valley Metro light rail and across from a light-rail stop. The OM markets a five-story approved concept (up to 167 units, approximately 154,000 SF, 70-foot maximum height) and seven-story potential (up to 272 units, approximately 205,000 SF, 92-foot maximum height). These are proposed redevelopment concepts, not existing apartment improvements. Buyer must verify current approvals, density, height, site-plan requirements and Opportunity Zone eligibility. Seller financing may be possible, subject to negotiation. Contact Linda Fritz-Salazar, Angelessa Ritchie and Nick Miner, CCIM, ORION Investment Real Estate.