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903-933 Main St Mesa, AZ 85203

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For Sale
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Prime Mesa retail, redevelopment potential.

Property size:
31,961 SF

Property Features for 903-933 Main St

General Information

Property type
Individual retail properties
Square Feet
31,961 SF
Lot Size
94,090 SF

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Listing Contact
Brandon Koplin
Brandon Koplin

Listing Agent: Brandon Koplin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This 31,961 square foot multi-tenant retail plaza in Mesa, Arizona, is offered at $4,200,000, representing a 2.98% cap rate and a price per square foot of $131. Currently 68% occupied, the property sits on a 2.16-acre lot (94,324 square feet) with a land value of $44 per square foot. The property features 11-foot clear height ceilings, 100% HVAC, front and rear doors, and ample front and rear yard areas. Zoned LC, City of Mesa, permitted uses include maintenance and repair services, minor auto repair, commercial recreation, general market, large commercial development, retail sales, tattoo parlors, indoor collection facilities, and other retail and office uses. The property's location on Main Street offers light rail frontage and is situated within a designated Opportunity Zone, near the burgeoning Downtown Mesa City Center, making it highly attractive for redevelopment. Approximately 7,300 square feet of vacant space presents an opportunity for an owner-user or lease renegotiation. With minor improvements, such as adding roll-up doors, the property could easily be converted into a multi-tenant small bay warehouse facility. The property boasts a strong location within a 5-mile radius encompassing a population of 532,321 and 147,341 housing units. The existing tenant mix is excellent. The APN is 138-18-066C, 068A.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Mesa
County
Maricopa
State
Arizona
Longitude
-111.8118408
Latitude
33.4146771

FAQs

What type of property is this?
Individual retail property - Prime Mesa retail, redevelopment potential.
Where is this individual retail property located?
The property is located at 903-933 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: 31,961 SF multi-tenant retail plaza in Mesa, AZ.; Excellent tenant mix.; Light rail frontage.
(602) 373-4717 Call to check price and availability
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