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    1961 University Dr Mesa, AZ 85203

    Sponsored
    For Lease
    Contact for pricing

    Prime 0.39-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.39-acre commercial land parcel is strategically located at 1961 E University Dr in Mesa, Arizona, within Maricopa County. Zoned for commercial use (specific zoning details to be verified by the buyer), this single-tenant site presents a unique opportunity for developers and investors seeking a prime location for various commercial ventures. The property's address is easily accessible from University Drive, offering excellent visibility and convenient access for customers and employees. The 0.39-acre lot provides ample space for a variety of development possibilities, allowing for flexibility in design and construction. Given its location in a thriving area of Mesa, this property is expected to attract significant interest from businesses seeking a high-traffic location. Prospective buyers are encouraged to conduct their own due diligence to confirm zoning regulations, utility availability, and other relevant factors before making a purchase decision. The property is currently available for lease, offering a compelling investment opportunity in a rapidly growing market. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a well-positioned commercial land parcel in a desirable area of Mesa, Arizona.

    Property Features for 1961 University Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Suite 1961
    Size
    0 SF

    HighLights

    • $98,000 Annual Ground Lease.
    • Build‑to‑Suit or Renovation of Build‑to‑Suit Available.
    • 17,342 Square Foot Building on 0.39 Acres.
    • Shared Parking Lot Access.
    • High‑Visibility Corner Lot.
    • Excellent Visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.788545
    Latitude
    33.422201

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    FAQs

    What type of property is this?
    Land - Prime 0.39-acre lot, ideal for development.
    Where is this land located?
    The property is located at 1961 University Dr Mesa, AZ.
    What are key features of this property?
    This property features: $98,000 Annual Ground Lease.; Build-to-Suit or Renovation of Build-to-Suit Available.; 17,342 Square Foot Building on 0.39 Acres.
    Request Owner's contact information
    1961 University Dr Mesa, AZ 85203
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    Mesa, AZ 85203
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1961 University Dr Mesa, AZ 85203
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