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Executive Summary

152 N 56th St – Mesa, AZ
•78-unit senior housing (vacant)
•61,969 SF | 1.8 AC
•Built 1974 | 2-story
•R-5 zoning
•Asking: $4.975M (~$80/SF | ~$63.8K/unit)
Highlights:
•Full value-add / reposition opportunity
•Assisted living / behavioral / memory care
•Strong demographics
•Large scale asset with institutional upside
52 N 56th Street presents a rare opportunity to acquire a 78 unit building in the heart of East Mesa. Formerly operating as Copper Heights, the ±61,969 SF property sits on approximately 1.8 acres and is zoned R-5 for high-density residential use.
The property is currently vacant, offering investors and operators a unique value add opportunity to reposition the asset as an assisted living facility, behavioral health center, memory care facility, or other potential related use.
The existing units include predominantly studio and 1 bedroom units with in suite restrooms, allowing for efficient reconfiguration and operational scalability.
Located within the rapidly growing area, the property benefits from strong demographic trends, including an increasing senior population and sustained demand for healthcare or affordable housing.
This is a rare chance to acquire a large scale, repositioning opportunity in one of Arizona’s most active and supply constrained real estate markets.

Attachments

Mesa 78 OM 2.pdf

Data Room Click Here to Access

Property Facts

Price $4,975,000
Price Per Bed $63,782
Sale Type Investment
Sale Condition REO Sale
Property Type Health Care
Property Subtype
Congregate Senior Housing
  • Healthcare Assisted Living
  • Healthcare Continuing Care Retirement Community
  • Healthcare Rehabilitation Center
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
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
141-77-059E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$218,752
  • Listing ID: 40548220

  • Date on Market: 5/15/2026

  • Last Updated:

  • Address: 152 N 56th St, Mesa, AZ 85205

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