Downtown Mesa Building For
137 W Main St - Downtown Mesa Mesa, AZ 85201
137 W Main St - Downtown Mesa, Mesa, AZ, 85201
$3,075,000
For Sale
$3,075,000
Redevelopment opportunity in the heart of Downtown Mesa, Arizona.
Property Size16,658 SF
Price / SF$184.60
Days on Market239
Property Features for 137 W Main St - Downtown Mesa
General Information
- Standard status
- Active
- Size
- 16,658 SF
- Property subtype
- Retail
Listing agency
Western Retail Advisors
(602) 931-4492
Listed by
Kalen Rickard · License #SA623748000
Source
W-retail
Added: Nov 25, 2025 Updated: Jul 6 at 10:27AM Checked: Jul 22 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Western Retail Advisors
Investment Insights
Based on property information with market context.
Located in downtown Mesa, Arizona, this building offers an opportunity for redevelopment in the Phoenix-Mesa metro area. The property, constructed in 1954, features a ground floor with approximately 11,708 square feet and a basement with approximately 4,950 square feet, totaling 16,658 square feet. It includes a built-in-place barrel roof structure and a mid-space staircase. Downtown Mesa has more than 19,800 daytime employees, 3,200 residents, and approximately 2.5 million annual visitors. Downtown Mesa is the vibrant destination with business incentives such as the Downtown Sign Program, the development of the Innovation District plus a dedicated Downtown Transformation Office.
Key Highlights
- Located in Downtown Mesa, an upcoming urban redevelopment center.
- Ground floor space of ± 11,708 SF.
- Includes a basement with ± 4,950 SF.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.8k | $17.40 |
| − Vacancy | −$24.6k | −$1.48 |
| EGI | $265.2k | $15.92 |
| − OpEx | −$79.6k | −$4.78 |
| NOI | $185.6k | $11.14 |
16,658 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.65M
$2.32M – $3.09M
NOI $185,648 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,243 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greg & Ben Towing ...
Auto Repair Shop
Sweet Leaf Dispensary
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- La La Libertine — 40 n macdonald #3, mesa, az 85201
- Numina Florist & Same Day Flower Delivery — 12 N Center St #100, Mesa, AZ 85201, United States
- Crismon's Flowers — ENTER ON, 144 West Main Street, E Main St, Mesa, AZ 85201
- Zuzu's Petals — 40 n macdonald, mesa, az 85201
FAQs
What type of property is this?
Storefront property - Redevelopment opportunity in the heart of Downtown Mesa, Arizona.
Where is this storefront property located?
The property is located at 137 W Main St - Downtown Mesa Mesa, AZ.
What is the asking price?
The asking price for this property is $3,075,000.
What are key features of this property?
This property features: Located in Downtown Mesa, an upcoming urban redevelopment center.; Ground floor space of ± 11,708 SF.; Includes a basement with ± 4,950 SF.
