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104 E 1st Ave 6,381 SF 100% Leased Retail Building Mesa, AZ 85210 $1,698,126 ($266.12/SF)
INVESTMENT HIGHLIGHTS
- Single Tenant Investment Opportunity
- Renovated 2025 (Roof Recoat - New HVAC Unit)
- 7.15% Cap Rate
- Downtown Core, City of Mesa Zoning
EXECUTIVE SUMMARY
Prime single-tenant investment opportunity in the heart of Downtown Mesa! This ±6,381 SF freestanding building at 104 E 1st Avenue offers a vibrant mix of entertainment and retail, The Rosetta Room, a sister location to the historic Nile Theater. Recently renovated in 2025 with a new roof and HVAC, the property sits in a rapidly growing district with strong residential, retail, and institutional development. Offered at $1,698,126 with a 7.15% cap rate, this property delivers historic character and modern upgrades in one of Mesa’s most dynamic urban corridors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
6,381 SF
Building Class
C
Year Built/Renovated
1965/2025
Price
$1,698,126
Price Per SF
$266.12
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
DC - Downtown Core
Parking
9 Spaces (1.41 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 138-39-014C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $40,188 |
PROPERTY TAXES
Parcel Number
138-39-014C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$40,188
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104 E 1st Ave
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