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Retail Space with Monument Signage
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1535 E University Dr, Mesa, AZ 85203

New roof and HVAC plus parking lot and lighting upgrades; white box retail ready for customization.

Property Size12,536 SF
Days on Market770

Property Features for 1535 E University Dr

General Information

Standard status Active
Size 12,536 SF
Property subtype RETAIL

Amenities

monument signage
Listing Agency: Commercial Properties Inc
Listed By: Dallin Pace · License #BR676008000
Source: Moodyscre
Added: Jun 21, 2024 Changed: Jul 29 Last Checked: Jul 29 at 11:50PM

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 Commercial Properties Inc

Investment Insights

Based on property information with market context.

This retail space at 1535 E University Dr in Mesa, AZ 85203 is delivered in a white box condition, ready for tenant customization. The property size is 12,536 SF, offering flexible build-out potential for a qualifying tenant.

Recent new renovations include a new roof, HVAC, parking lot, landscaping, lighting, and paint, along with additional improvements. A substantial tenant improvement (T.I.) package is available for qualified tenants, supporting customized finishes and branding.

Prominent monument signage is positioned on E University Dr, providing dedicated visibility for the space.

Key Highlights

  • 12,536 SF white box retail space ready for tenant customization
  • New roof and HVAC plus new parking lot, landscaping, lighting, and paint
  • Substantial T.I. package available for qualified tenants

Property Analytics

Current Use

The Wallpaper Market (Bike/Boat/Book/etc) Store Iglesia Renovados en ... Church Templo Ebenezer Mesa Church Revolution Church Charitable Organization

Suggested Use

Top Pick Law Firm Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Home Appliance Store Bakery Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,072
Businesses Nearby
129k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 34% Dining 28% Groceries 23% Apparel 11%
Food City Arizona Groceries
30,161 visits/mo 0.5 miles
Circle K Shops & Services
16,684 visits/mo 0.4 miles
Wells Fargo Shops & Services
12,774 visits/mo 0.4 miles
Jack in the Box Dining
12,210 visits/mo 0.5 miles
Panda Express Dining
11,961 visits/mo 0.5 miles

Demographics for 85203, AZ

37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value

Market

Lease Benchmarks for Mesa, AZ

$4.12 /SF/Yr
Avg Asking Price
$0.53–$13 /SF/Yr
Price Range
26,395 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New roof and HVAC plus parking lot and lighting upgrades; white box retail ready for customization.
Where is this retail space located?
The property is located at 1535 E University Dr Mesa, AZ.
What are key features of this property?
This property features: 12,536 SF white box retail space ready for tenant customization; New roof and HVAC plus new parking lot, landscaping, lighting, and paint; Substantial T.I. package available for qualified tenants
(480) 815-8275 Call to check price and availability
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