$4,200,000
Mesa, AZ 85201
MLS# 6887330
1 / 7
Property Description
Great property to redevelop short term leases allow Buyer opportunity to rezone and design new project. city of Mesa is supportive of redeveolping the corner
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $4,200,000
List Price: $4,200,000
Status: Active
List Date: 2025-06-02
Location, Tax & Legal
Unit #: 1
Building Number: 1
Assessor's Map #: 27
Legal Description (Abbrev): MESA BLK 123 PT DAF BAP 214F M/L N & 33F E OF SW COR SEC 15 1N 5E TH N 103F TH E 310.2F TH S 103F
Assessor's Parcel #: 74
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421001
Taxes: 34761
Legal: MESA BLK 123 PT DAF BAP 214F M/L N & 33F E OF SW COR SEC 15 1N 5E TH N 103F TH E 310.2F TH S 103F
House Number: 340
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5824
County Code: Maricopa
Subdivision: MESA ARIZONA
Assessor Number: 137-27-074
Tax Year: 2024
General Property Description
Type of Property: retail office
Ttl Apx SqFt Bldg: 34822
# of Buildings: 9
Uncvrd Parking Spcs: 80
Flood Zone: No
Volts/Amps: varies
Year Built: 1974
Zoning: DB-1 LC
Construction
Block: 1
Stucco: 1
Roofing
Foam: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 5979
Vacancy Allowance: 5
Adjusted Gross Inc: 1708732
Building Type
Commercial: 1
Office: 1
Business Type
Barber/Beauty: 1
Religious Facility: 1
Restaurant: 1
Professional/Office: 1
Retail: 1
Food Service: 1
Bar/Tavern/Lounge: 1
Pmt & Rate Info
Cap Rate: 6.61
Equity: 4200000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Ceiling Height
8 Feet or Less: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Loading Facilities
None: 1
Source of Fincl Data
Projected Proforma: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Electric
City Electric: 1
Other (See Remarks): 1
Gas
None: 1
New Financing
Cash Only: 1
Reports/Disclosures
ALTA Survey Availbl: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-667-3492
List Agent Hme Phn 2: 602-828-1755
Remarks Misc
Cross Street: NEC University Drive and Country Club
Directions: hard corner
multiple driveways on University Dr and Country Club
Geo Lat: 33.422718
Geo Lon: -111.839097
Income Expenses
Gross Annual Sch Inc: 421204
Net Operating Income: 277482
Property Features
Building Type: Commercial; Office
Business Type: Barber/Beauty; Religious Facility; Restaurant; Professional/Office; Retail; Food Service; Bar/Tavern/Lounge
Construction: Block; Stucco
Roofing: Foam
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: See Remarks
Cooling: See Remarks
Loading Facilities: None
Fencing: None
Parking Features: Parking Lot
Electric: City Electric; Other (See Remarks)
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Lockbox Type: None
Source of Fincl Data: Projected Proforma
Environmental: None
Unbranded Floorplan 
Listing Office: Colton Commercial
Last Updated: July - 01 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.