500 W Southern Ave | Mesa, AZ 85210
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- LoopNet Team
500 W Southern Ave
Mesa, AZ 85210
Southern Square Center · Retail Property For Sale
Investment Highlights
- 47,990 SF Multi-Tenant Retail Center Leased to a Mix of Retail and Service Tenants
- Low Price Per Square Foot Investment Opportunity: The subject property is priced well below replacement cost at $167 per square foot
- Immediate and Convenient Access to the Highway 60 Interchange: The property is 1 mile north of Highway 60 with over 210,000 CPD
- Value-Add Investment; Upside Potential: Outstanding opportunity to lease the 24% vacancy & convert existing gross leases to NNN leases in the future
- Strong Retail Corridor: Nearby retailers include 99 Cents Only, Fry’s, Home Depot, Walmart Supercenter, Big Lots, Chase Bank, Denny’s, & El Pollo Loco
- Large Daytime Population: 151,651 employees and 19,651 businesses within a 5-mile radius of the subject property
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
47,990 SF
Building Class
C
Year Built
1979
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
3.93 AC
Zoning
C-2, Mesa - Commercial
Parking
173 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $139,656 | Total Assessment | $637,734 |
Property Taxes
Parcel Numbers
Land Assessment
$139,656
Improvements Assessment
$0
Total Assessment
$637,734
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