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    Nwc Of Mesa Dr And Mckellips Rd Mesa, AZ 85201

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    For Sale
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    High-traffic, 0.65-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.65-acre commercial land parcel presents a unique investment opportunity in Mesa, Arizona. Situated at the northwest corner of Mesa Drive and McKellips Road, this hard corner location boasts unparalleled visibility to over 57,000 vehicles daily, thanks to a signalized intersection. The property's LC zoning designation from the City of Mesa allows for a wide range of commercial development options, including drive-thru capabilities and full access. Its strategic location within a highly dense residential area, encompassing 254,940 residents within a 5-mile radius, ensures a robust customer base. Furthermore, convenient freeway access provides exceptional connectivity to the entire Valley, attracting customers from a broad geographic area. This prime location offers significant potential for developers seeking a high-impact commercial project in a thriving market. The lot size provides ample space for a variety of commercial ventures, capitalizing on the high traffic counts and strong residential demographics. This is a rare opportunity to acquire a hard corner lot with such excellent visibility and access in a desirable location.

    Property Features for 0 Nwc Of Mesa Dr And Mckellips Rd

    General Information

    Property type
    Land
    Lot Size
    28,314 SF

    HighLights

    • Hard corner lot at signalized intersection with visibility to over 57,000 vehicles daily.
    • High‑density residential area; 254,940 residents within a 5‑mile radius.
    • Convenient freeway access.
    • Drive‑thru and full access permitted.
    • LC zoning (City of Mesa).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8224209
    Latitude
    33.4515037

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    FAQs

    What type of property is this?
    Land - High-traffic, 0.65-acre commercial lot.
    Where is this land located?
    The property is located at Nwc Of Mesa Dr And Mckellips Rd Mesa, AZ.
    What are key features of this property?
    This property features: Hard corner lot at signalized intersection with visibility to over 57,000 vehicles daily.; High-density residential area; 254,940 residents within a 5-mile radius.; Convenient freeway access.
    (480) 603-6892
    Request Owner's contact information
    Nwc Of Mesa Dr And Mckellips Rd Mesa, AZ 85201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Nwc Of Mesa Dr And Mckellips Rd Mesa, AZ 85201
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