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152 N 56th St - Copper Heights 61,969 SF Health Care Building Offered at $9,977,000 in Mesa, AZ 85205
Executive Summary
1.79-acre, 62,000 sq ft R5-zoned investment opportunity, ideal for multi-family redevelopment in a high-demand market! Previously the Copper Heights Assisted Living Facility, this vacant 2-story property with a basement is primed for transformation into multi-family housing, a hotel, or other versatile uses (subject to local regulations).Property Highlights:78 Units: 30 one-bedroom and 48 studio units, each with private bathrooms (tub/shower combo), plumbed for kitchenettes, and equipped with P-tech AC units.
Spacious Common Areas: Main floor features an office and two large recreational/dining spaces, perfect for community living. Basement includes a kitchen with walk-in cooler and freezer.
Seller willing to carry at the following terms: $3.5mm down. 5 year term, interest only. 6% interest rate.
Energy Efficient: Recently repaired roof with solar panels for reduced energy costs.
Flexible Design: Ideal for multi-family conversion or innovative reuse, with ongoing improvements enhancing value (price may adjust accordingly).
Appraisal: Valued at $10,740,000 "as is," reflecting needed repairs.
Financing: Seller may carry with a $3.5mm downpayment, offering flexible terms for qualified buyers.
With confirmed R5 zoning and strong multi-family demand, this property is a rare find for investors or developers. Act now to capitalize on this prime redevelopment opportunity! For more details or to explore financing terms.
Spacious Common Areas: Main floor features an office and two large recreational/dining spaces, perfect for community living. Basement includes a kitchen with walk-in cooler and freezer.
Seller willing to carry at the following terms: $3.5mm down. 5 year term, interest only. 6% interest rate.
Energy Efficient: Recently repaired roof with solar panels for reduced energy costs.
Flexible Design: Ideal for multi-family conversion or innovative reuse, with ongoing improvements enhancing value (price may adjust accordingly).
Appraisal: Valued at $10,740,000 "as is," reflecting needed repairs.
Financing: Seller may carry with a $3.5mm downpayment, offering flexible terms for qualified buyers.
With confirmed R5 zoning and strong multi-family demand, this property is a rare find for investors or developers. Act now to capitalize on this prime redevelopment opportunity! For more details or to explore financing terms.
Property Facts
| Price | $9,977,000 | Lot Size | 1.81 AC |
| Price Per Bed | $127,910 | Building Size | 61,969 SF |
| Sale Type | Investment or Owner User | No. Beds | 78 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Congregate Senior Housing | Year Built | 1974 |
| Building Class | C | Parking Ratio | 0.42/1,000 SF |
| Zoning | R-5 - R-5, [M-H] MULTI-FAMILY, HIGH DENSITY (UP TO 2,499 SF)100% | ||
| Price | $9,977,000 |
| Price Per Bed | $127,910 |
| Sale Type | Investment or Owner User |
| Property Type | Health Care |
| Property Subtype | Congregate Senior Housing |
| Building Class | C |
| Lot Size | 1.81 AC |
| Building Size | 61,969 SF |
| No. Beds | 78 |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | R-5 - R-5, [M-H] MULTI-FAMILY, HIGH DENSITY (UP TO 2,499 SF)100% |
Amenities
- Wheelchair Accessible
Property Taxes
| Parcel Number | 141-77-059E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $218,752 |
Property Taxes
Parcel Number
141-77-059E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$218,752
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Zion Realty, LLC
152 N 56th St - Copper Heights
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