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52-58 S Mesa Dr 2 Retail Properties Offered at $1,999,000 in Mesa, AZ
Investment Highlights
- Multi-tenant retail center located in a high-traffic Mesa corridor.
- Generates approximately $120,000 in annual net income.
- Ample on-site parking with a 2.8/1,000 ratio for customer convenience.
- ±26,738 SF lot with redevelopment potential under C-1 zoning.
- Convenient access to US-60 and Loop 202, enhancing regional connectivity.
- Positioned near residential neighborhoods and community amenities, supporting strong tenant demand.
Executive Summary
This multi-tenant retail property offers an exceptional investment opportunity in the heart of Mesa, Arizona. Situated on a ±26,738 SF lot, the property encompasses approximately 10,396 SF of leasable space and is currently generating an estimated $120,000 in annual net income. Zoned C-1 by the City of Mesa, the site provides flexibility for a variety of retail uses and potential redevelopment options.
The property benefits from a strong location along S Mesa Drive, a well-traveled corridor with convenient access to major thoroughfares, including US-60 and Loop 202. The surrounding area features a dense mix of residential neighborhoods, local businesses, and community services, ensuring consistent consumer traffic. With a parking ratio of 2.8/1,000 and multiple points of ingress and egress, the site is designed to accommodate both tenants and customers efficiently.
Offered at $1,999,000, this asset presents a compelling opportunity for investors seeking stable income with long-term upside potential in a growing market.
The property benefits from a strong location along S Mesa Drive, a well-traveled corridor with convenient access to major thoroughfares, including US-60 and Loop 202. The surrounding area features a dense mix of residential neighborhoods, local businesses, and community services, ensuring consistent consumer traffic. With a parking ratio of 2.8/1,000 and multiple points of ingress and egress, the site is designed to accommodate both tenants and customers efficiently.
Offered at $1,999,000, this asset presents a compelling opportunity for investors seeking stable income with long-term upside potential in a growing market.
Property Facts
| Price | $1,999,000 | Number of Properties | 2 |
| Price / SF | $192.25 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 10,398 SF |
| Sale Type | Investment | Total Land Area | 0.62 AC |
| Status | Active |
| Price | $1,999,000 |
| Price / SF | $192.25 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,398 SF |
| Total Land Area | 0.62 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 58 S Mesa Dr, Mesa, AZ 85210 | Retail | 7,644 SF | 1971 | - |
| 52 S Mesa Dr, Mesa, AZ 85210 | Retail | 2,754 SF | 1986 | - |
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52-58 S Mesa Dr
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