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2055 S Power Rd
Mesa, AZ 85209
5-Acre Hospitality Opportunity · Land For Sale · 4.97 AC

INVESTMENT HIGHLIGHTS

  • 5 Acre site in the highly coveted Superstitions Springs area of Mesa.
  • Restaurants, shopping, activities and transit are all easily walkable from the site.
  • Easy access to Interstate 60, 202 & 101 Loop.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Hotel
Total Lot Size 4.97 AC
Zoning LC Light Commercial - This site is fully approved for a dual branded hotel and has preliminary indication of support from staff based upon attached concept plan.

DESCRIPTION

The former Power Square Mall has undergone a complete transformation and repositioning. It started with and condominium plat to separate the parcels and provide for two owner / operators in the main mall building (212,000 sq ft) with multiple lots / uses throughout the surrounding parcels. There is a Starbucks and Smashburger on the corner of Baseline & Power. A Bank and insurance building, AAA auto parts store, Sonic Restaurant, Dolphin Car Wash, Dunkin Donuts, Big O Tire, New development in permitting for the corner of Power and Kiowa, and a new Hawaiian restaurant in permitting on Baseline. The primary mall has been divided into two users, StorAmerica Storage facility occupies the South half of the building, is fully operational and the exterior façade of the building completely modernized. The North half of the building is a school and is fully operational with exterior renovation plans in process to update the building exterior.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
312-03-855
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,780,555
  • Listing ID: 28814343

  • Date on Market: 6/21/2023

  • Last Updated:

  • Address: 2055 S Power Rd, Mesa, AZ 85209

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