Downtown Mesa Redevelopment
20 South MacDonald Mesa, AZ 85210
20 South MacDonald, Mesa, AZ, 85210
$2,995,000
For Sale
$2,995,000
Mixed-use redevelopment opportunity in Downtown Mesa's evolving core.
Property Size21,421 SF
Lot Size0.51 Acres
Price / SF$139.82
Days on Market147
Property Features for 20 South MacDonald
General Information
- Standard status
- Active
- Size
- 21,421 SF
- Lot size
- 0.51 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1900
Listing agency
SVN | Desert Commercial Advisors
(480) 220-2674
Listed by
Justin Horwitz, SIOR · License #AZ #SA674245000
(480) 220-2674
Source
Svndesertcommercial
Added: Feb 26 Updated: Jul 10 at 3:56PM Checked: Jul 15 at 2:36PM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
Located at 20, 32 & 36 South MacDonald in Mesa, AZ, this property presents an urban redevelopment opportunity in Downtown Mesa. The offering consists of adjacent parcels totaling approximately 10.51 acres with approximately 21,421 square feet of historic improvements. The property is set within flexible Downtown Core zoning. Currently used for congregate residential and office functions, the property will require a comprehensive renovation to reposition the asset for modern mixed-use, retail, and office tenants. The location is in an Opportunity Zone.
Key Highlights
- Prime Downtown Mesa Location
- Flexible Downtown Core Zoning with Adaptive Reuse Upside
- Located in an Opportunity Zone
Local Financial Insights For Mixed Use
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 | $290.5k | $13.56 |
| − Vacancy | −$19.5k | −$0.91 |
| EGI | $271.0k | $12.65 |
| − OpEx | −$101.6k | −$4.74 |
| NOI | $169.4k | $7.91 |
21,421 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 37.50%
Alternative Uses
Best Use
Office B
$5.24M
$4.59M – $6.12M
NOI $367,051 @ 7.0% cap · market cap 12.26%
Second Best
Mixed Use
$2.42M
$2.12M – $2.82M
NOI $169,380 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$5.87M
$5.14M – $6.85M
NOI $411,016 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
20 S MacDonald ...
Parking Lot & Garage
Men's Healing Clinic
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use redevelopment opportunity in Downtown Mesa's evolving core.
Where is this mixed-use property located?
The property is located at 20 South MacDonald Mesa, AZ.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime Downtown Mesa Location; Flexible Downtown Core Zoning with Adaptive Reuse Upside; Located in an Opportunity Zone
