Property profile

2840 Main St Mesa, AZ 85213

OFF-MARKET
Retail space
Property ID
US07-2549157
33,930 SF 4.98 ac lot Built 1976
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 2840 E Main St, Mesa, AZ 85213, on a prominent 15-acre site at the northeast corner of Lindsay Road and Main Street. The recently redeveloped center boasts a total of 130,545 square feet, offering multiple tenancy options. Spaces range from a minimum of 3,381 square feet to a maximum contiguous space of 35,033 square feet, with 28,039 square feet currently vacant. Three spaces are immediately available, ranging in size from 1,200 to 35,033 square feet. The property benefits from high visibility and accessibility, situated on a hard corner with excellent street frontage. Existing tenants include well-established national brands such as Ross, Big Lots, Kids Empire, and Jack in the Box, creating a strong anchor tenant base and established customer traffic. Drive-thru options are available for select spaces. This location serves a substantial blue-collar demographic, providing a consistent and reliable customer base. The property's size and configuration offer significant flexibility for a variety of retail uses. This is a rare opportunity to secure prime retail space in a thriving Mesa, Arizona location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Construction CONCRETE
Total area 33,930 SF
Lot 4.98 ac (217,099 SF)
Zoning code LC
APN 140-22-158
UPID US07-2549157

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store Department Store
  • Furniture & Home Goods Home Decor Store
  • Postal Service Courier Service

Location

2840 Main St Mesa, AZ 85213-9304
Mesa metro Census 420707 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.06M
Blend (final) Blend
$895k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2011
Price N/A
2010
Price N/A
2005
$5.7M

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Restaurant $21.7M +144.2%
Auto repair, garage $15.0M +68.1%
Neighborhood: shopping center $10.6M +18.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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