903-933 E Main St Mesa, AZ 85203
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Value-add retail property on 1.58 acres, prime for redevelopment.
Type:Retail, Mixed Use
Property size:
32,702 SFLot size:
1.58 Acres- Added:
- Sep 14, 2022
- Days on Market:
- 1313
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 903-933 E Main St
General Information
- Standard status
- Active
- Size
- 32,702 SF
- Lot size
- 1.58 Acres
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1973
Listing agent Brandon Koplin License #AZ SA567178000
Listing office Commercial Properties Inc Tempe (480) 214-1103
Listing date Sep 14, 2022
Source Crexi
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 Tempe
Overview
Mesa Retail Redevelopment Opportunity
This 32,000 square foot commercial building, situated on 1.58 acres, presents a redevelopment opportunity. The property is located in Mesa, Arizona. The site benefits from direct light rail frontage, offering visibility and access. It is located minutes from downtown restaurants and amenities and sits within an Opportunity Zone, potentially providing tax incentives. Short-term leases are in place, generating income while planning and entitlement processes are underway. The property is located in a retail area of east Mesa, near the Superstition Mountains and Apache Trail tourism and recreation areas. The frontage on Main Street attracts the nearby retiree community and adventure seekers. The multi-tenant retail property is located within a designated Opportunity Zone, offering tax advantages. The site is suited for redevelopment, modernization, or a strategic lease-up plan. Currently operated with minimal upkeep, the building shows value-add potential through cosmetic improvements. All tenants are on month-to-month agreements, providing flexibility to refresh the tenant mix, renegotiate leases, or vacate units to maximize revenue.
Location Intelligence
Current Use by Public Records
Shopping centers
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Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.8113805
- Latitude
- 33.4145826
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Value-add retail property on 1.58 acres, prime for redevelopment.
Where is this shopping center located?
The property is located at 903-933 E Main St Mesa, AZ.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: High‑density redevelopment opportunity on 1.58 acres with direct light rail frontage.; Located within an Opportunity Zone, offering attractive tax incentives.; Short‑term leases provide income to offset holding costs.
