A significant land transaction in the East Valley has the potential to reshape the future of Apache Junction’s downtown area — with 47.1 acres sold for $5.8 million in multiple deals this week.
- Downtown Apache Junction Development — What Comes Next?
The large property, straddling Idaho Road, Old West Highway, and Apache Trail, changed hands for about $2.83 per square foot, according to reporting on the transaction by ORION Sells 47.1 Acres of Land in Apache Junction for $5.8M. The sale encompasses four adjacent parcels that could open the door to new development in the city’s core.
ORION Investment Real Estate represented the seller, WGG Partners LLC, with brokers Nick Miner, J.T. Taylor, and Larry Kush guiding the transaction, while Bela Flor Communities — a local custom homebuilder with several area projects — acquired the land with an eye toward future development.
A Central Property With Development Potential
Part of the acreage includes a site locally referred to as the “Golden Triangle,” a roughly 16‑acre area that once housed a hotel and has long been eyed for redevelopment by city officials. The redevelopment of this site could help define the entrance into Apache Junction’s downtown district.
Because of its placement near major arterial roads and proximity to community amenities, the property represents one of the largest contiguous land holdings near Apache Junction’s downtown in years.
Opportunity Zone Incentives and Funding Tools
Another factor that may make the property appealing — beyond its size — is its eligibility for investment incentives…