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155 2nd Ave - Downtown Mesa 60 - Development Opportunity 1.56 Acres of Commercial Land Offered at $3,000,000 in Mesa, AZ 85210
Investment Highlights
- Capacity: 60 Stacked Multifamily Units (42 2-Bedroom / 2-Bathroom Units & 18 1-Bedroom / 1-Bathroom Units Averaging ~740 SF)
- Planned Amenities: Central Courtyard With Pool, Turfed Recreation Areas, BBQ/Picnic Areas, & Secure Covered Parking
- Downtown Walkability: Steps Away From Local Breweries, Dining, the Mesa Arts Center, & the Historic Robson District
- Approval Status: Preliminary Site Plan & Architectural Plans Completed (Buyer Can Adopt Existing or Propose New Designs)
- Investor Incentives: Located Within a Certified Opportunity Zone (OZ) & Qualified Census Tract (QCT), Offering Significant Tax Incentives (May 2026)
- Transit-Oriented: Walk to Valley Metro Bus Stop and Valley Metro Light Rail Station, & 10 Minutes to Phoenix Sky Harbor International Airport
Executive Summary
Unlock the potential of Downtown Mesa with this shovel-ready, 60-unit residential development opportunity. Strategically located in a certified Opportunity Zone (QCT) as of May 2026, this three-story, transit-oriented project offers rapid development potential with preliminary site plans and architectural plans already approved. Positioned in the heart of the ongoing Downtown Mesa revitalization, this project offers high ROI potential for a new build in a high-demand rental market.
DEVELOPMENT HIGHLIGHTS
• Capacity: 60 Stacked Multifamily Units (42 2-Bedroom /2-Bathroom Units & 18 1-Bedroom / 1-Bathroom Units Averaging~740 SF)
• Approval Status: Preliminary Site Plan & Architectural Plans Completed (Buyer Can Adopt Existing or Propose New Designs)
• Planned Amenities: Central Courtyard With Pool, Turfed Recreation Areas, BBQ/Picnic Areas, & Secure Covered Parking
• Investor Incentives: Located Within a Certified Opportunity Zone (OZ) & Qualified Census Tract (QCT), Offering Significant Tax Incentives as of May 2026
UNBEATABLE LOCATION & ACCESSIBILITY
• Downtown Walkability: Steps away from Local Breweries, Dining, the Mesa Arts Center, & the Historic Robson District Blending Cultural Charm With Urban Energy.
• Transit-Oriented: Located 0.13 miles (3 Minute Walk) From the Valley Metro Bus (Main Street / Macdonald stop), 0.3 Miles (6-8 Minute Walk) From the Valley Metro Light Rail (Country Club / Main Street), & Approximately 10 Minutes to Phoenix Sky Harber International Airport.
THE "MESA 60" ADVANTAGE
This 3-story development serves the high demand for modern, attainable housing in a growing, walkable urban environment. The site is designed for luxury modern living featuring in-suite laundry, spacious floor plans, and private balconies / patios.
DEVELOPMENT HIGHLIGHTS
• Capacity: 60 Stacked Multifamily Units (42 2-Bedroom /2-Bathroom Units & 18 1-Bedroom / 1-Bathroom Units Averaging~740 SF)
• Approval Status: Preliminary Site Plan & Architectural Plans Completed (Buyer Can Adopt Existing or Propose New Designs)
• Planned Amenities: Central Courtyard With Pool, Turfed Recreation Areas, BBQ/Picnic Areas, & Secure Covered Parking
• Investor Incentives: Located Within a Certified Opportunity Zone (OZ) & Qualified Census Tract (QCT), Offering Significant Tax Incentives as of May 2026
UNBEATABLE LOCATION & ACCESSIBILITY
• Downtown Walkability: Steps away from Local Breweries, Dining, the Mesa Arts Center, & the Historic Robson District Blending Cultural Charm With Urban Energy.
• Transit-Oriented: Located 0.13 miles (3 Minute Walk) From the Valley Metro Bus (Main Street / Macdonald stop), 0.3 Miles (6-8 Minute Walk) From the Valley Metro Light Rail (Country Club / Main Street), & Approximately 10 Minutes to Phoenix Sky Harber International Airport.
THE "MESA 60" ADVANTAGE
This 3-story development serves the high demand for modern, attainable housing in a growing, walkable urban environment. The site is designed for luxury modern living featuring in-suite laundry, spacious floor plans, and private balconies / patios.
Property Facts
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 1.56 AC |
| Price Per AC | $1,928,656.43 |
| Price | $3,000,000 |
| Price Per AC | $1,928,656.43 |
| Lot Size | 1.56 AC |
Unlock the potential of Downtown Mesa with this shovel-ready, 60-unit residential development opportunity.
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Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $16,188 | Total Assessment | $31,632 |
Property Taxes
Parcel Numbers
Land Assessment
$16,188
Improvements Assessment
$0
Total Assessment
$31,632
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