Mesa Multifamily Development
554 W RIO SALADO Parkway, Mesa, AZ 85201
- Added:
- Jan 21, 2026
- Days on Market:
- 122
- Last Refresh:
- May 23 at 4:06 pm
Property Features for 554 W RIO SALADO Parkway
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- M-H, RM-2
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 135-16-041
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S 330' OF E 66' OF W 132' SW4 SE4 NE4 EX S 36' RD .50 AC
- Tax Annual Amount
- 1066
Utilities
- Sewer type
- Public Sewer
Listing agent MARK S GUNNING (602) 359-7653
Listing office West USA Realty 1640 S Stapley Drive #124, Phoenix, AZ (480) 820-3333
Listing date Jan 21, 2026
MLS# 6971960
Listing URL
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Multifamily Zoning: Offers development or renovation flexibility.
- Pre‑Approved Fourplex Plans: Benefit from preliminary plans and DIP pre‑approval.
- Conceptual Approval for Five Units: Includes 3 bed/2 bath plans and garages.
- Strategic Location: Close to Mesa Riverview, Tempe Marketplace, ASU, Loop 101 & 202 freeways, and the Chicago Cubs Spring Training Stadium.
- City Support: Seller relationship with Senior Economic Development Project Manager.
- Multiple Exit Strategies: Renovate, redevelop, or pursue existing fourplex plans.
Overview
This large lot in Mesa, Arizona, presents a multifamily development opportunity. Zoned for multifamily use, the property offers flexibility for investors and developers. Preliminary plans for a fourplex and fiveplex have been initiated and are available, providing design ideas. The property has undergone a Development Incentive Permit (DIP) review with the City of Mesa, receiving preapproval from the City Council for the four-unit version. The seller will allow ample time to complete the DIP process and advance to full plan review. The owner has conceptually obtained approval to build five units with three-bedroom, two-bathroom plans and garages. The listing agent has further details regarding timing. All plans are subject to the City of Mesa's final approval. The seller has consulted with the Senior Economic Development Project Manager for Development Services, who possesses knowledge of the site and the area's history. The property is centrally situated near Mesa Riverview and Tempe Marketplace, approximately 5 miles from the ASU campus, with easy access to Loop 101 and Loop 202 freeways. It is located near the Chicago Cubs Spring Training Stadium and is surrounded by shopping, dining, and entertainment options. The 0.46-acre lot offers potential in a thriving area.
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.843721
- Latitude
- 33.430092
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Large lot zoned for multifamily development near Mesa Riverview.
Where is this residential land & home lot located?
The property is located at 554 W RIO SALADO Parkway Mesa, AZ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Multifamily Zoning: Offers development or renovation flexibility.; Pre‑Approved Fourplex Plans: Benefit from preliminary plans and DIP pre‑approval.; Conceptual Approval for Five Units: Includes 3 bed/2 bath plans and garages.
