Office Building with Upgraded
For Sale
$1,900,000
86 East University Drive, Mesa, AZ 85201
Upgraded office building on a 1.01-acre lot, positioned for professional services or healthcare use near major transit access.
Property Size13,660 SF
Lot Size1.01 Acres
Price / SF$139.09
Days on Market48
Property Features for 86 East University Drive
General Information
Standard status
Active
Size
13,660 SF
Lot size
1.01 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1922
Listing Agency:
LRA Real Estate Group LLC
(602) 451-3684
Listed By:
Don Mortensen · License #BR529840000
Source:
Lrarealestate
Added: Jun 25
Changed: Jul 10
Last Checked: Aug 11 at 5:45AM
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 LRA Real Estate Group LLC
Investment Insights
Based on property information with market context.
This property at 86 W University Drive is a stucco/masonry office building offering approximately 13,660 square feet of versatile workspace on a 1.01-acre lot. The building has been recently upgraded with new HVAC systems, upgraded electrical, dual-pane windows, and renovated bathrooms. Landscaped grounds and established exterior improvements support an orderly, professional appearance, while the interior finishes are described as updated for occupant comfort.
The site is located in the heart of downtown Mesa within the historic district, positioned steps from the Light Rail. It also offers convenient access to major freeways, including US-60 and Loop 202, supporting visibility and ease of arrival for employees, clients, and visitors.
Zoned for commercial office use, the property is positioned for professional offices or healthcare tenants. It is also described as suitable for mixed-use development, making it a practical fit for owner-occupants and developers evaluating a turnkey option with modern building systems and office-ready improvements.
The site is located in the heart of downtown Mesa within the historic district, positioned steps from the Light Rail. It also offers convenient access to major freeways, including US-60 and Loop 202, supporting visibility and ease of arrival for employees, clients, and visitors.
Zoned for commercial office use, the property is positioned for professional offices or healthcare tenants. It is also described as suitable for mixed-use development, making it a practical fit for owner-occupants and developers evaluating a turnkey option with modern building systems and office-ready improvements.
Key Highlights
- Built in 1922, this commercial office building offers approx. 13,660 SF of versatile space on a 1.01‑acre lot.
- Upgrades include new HVAC systems, upgraded electrical, dual‑pane windows, and renovated bathrooms.
- Stucco/masonry construction with landscaped grounds and stylish interior finishes.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Upgraded office building on a 1.01-acre lot, positioned for professional services or healthcare use near major transit access.
Where is this office building located?
The property is located at 86 East University Drive Mesa, AZ.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Built in 1922, this commercial office building offers approx. 13,660 SF of versatile space on a 1.01‑acre lot.; Upgrades include new HVAC systems, upgraded electrical, dual‑pane windows, and renovated bathrooms.; Stucco/masonry construction with landscaped grounds and stylish interior finishes.
