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Mesa Mansion 86 W University Dr 13,660 SF 100% Leased Office Building Mesa, AZ 85201 $1,900,000 ($139.09/SF)



Investment Highlights
- Situated in the heart of downtown Mesa, steps from the Light Rail and close to major freeways (US-60 & Loop 202)
- Stucco/masonry construction, landscaped grounds, and stylish interior finishes
- Located in a growing market with strong visibility and accessibility
- New HVAC systems, upgraded electrical, dual-pane windows, and renovated bathrooms
- Zoned for commercial office use—ideal for professional offices, healthcare, or mixed-use development
Executive Summary
Discover a prime commercial opportunity in the heart of Mesa’s historic district at 86 W University Drive. This impressive property offers approximately 13,660 sq. ft. of versatile office space on a 1.01-acre lot, making it ideal for professional offices, healthcare facilities, or mixed-use development. Built with enduring quality and recently upgraded, the building features modern improvements such as new HVAC systems, upgraded electrical, dual-pane windows, and renovated bathrooms, ensuring efficiency and comfort for tenants or owners.
Strategically located just steps from downtown Mesa and the Light Rail, the property provides excellent visibility and accessibility, with close proximity to major freeways including US-60 and Loop 202. The exterior boasts stucco/masonry construction and a professionally landscaped lot, while inside, you’ll find open layouts, glass-walled offices, and stylish finishes that create a professional and inviting atmosphere.
Zoned for commercial office use, this property is perfect for businesses seeking a central location in a growing market. With its historic charm, modern upgrades, and unbeatable location, 86 W University Dr represents a rare investment opportunity in Mesa’s vibrant downtown corridor.
Strategically located just steps from downtown Mesa and the Light Rail, the property provides excellent visibility and accessibility, with close proximity to major freeways including US-60 and Loop 202. The exterior boasts stucco/masonry construction and a professionally landscaped lot, while inside, you’ll find open layouts, glass-walled offices, and stylish finishes that create a professional and inviting atmosphere.
Zoned for commercial office use, this property is perfect for businesses seeking a central location in a growing market. With its historic charm, modern upgrades, and unbeatable location, 86 W University Dr represents a rare investment opportunity in Mesa’s vibrant downtown corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,660 SF
Building Class
C
Year Built/Renovated
1922/1969
Price
$1,900,000
Price Per SF
$139.09
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,830 SF
Building FAR
0.31
Lot Size
1.01 AC
Zoning
DB-1, Mesa - Neighborhood Business District
Parking
46 Spaces (3.37 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 137-26-047 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $153,114 |
Property Taxes
Parcel Number
137-26-047
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$153,114
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Mesa Mansion | 86 W University Dr
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